Company law

Establishing directors' personal liability in liquidation cases
When a company is close to insolvency (or insolvent), decisions taken, or not taken, by the company's directors at the time can result in the directors being personally liable for contributions to the company's debts in liquidation. Two recent cases provide guidance on the courts' approach to findings of liability and the determination of the amount of a director's liability in such situations.

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This publication is necessarily brief and general in nature. You should seek professional advice before taking any action in relation to the matters dealt with in this publication.