Directors & Officers

15 April 2020

Liquidation and Fiduciary Duties: No Rest for (the Wicked?) Directors

In Hunt (as Liquidator of System Building Services Group Ltd) v Michie & Ors [2020] EWHC 54 (Ch), ICC Judge Barber has confirmed that directors of insolvent companies remain subject to fiduciary duties, even after those companies enter into an insolvency procedure.

Richard Clayman

6 April 2020

Compensation orders against company directors: a new way around Limited Liability?

The case of the Secretary of State for Business, Energy and Industrial Strategy v Kevin William Eagling [2019] EWHC 2806 (Ch) was the first brought by the Secretary of State under a regime in the Company Directors Disqualification Act 1986 providing for compensation orders. The court found in favour of the Secretary of State and made its first ever compensation order under the regime requiring a company director to provide compensation.

Katie Allard

30 March 2020

Lurking in the shadows - When is a "director" a director?

When is a director a director? At first glance this may appear to be a facile question. Why would individuals who only carry the title “director” fall within this group? Surely a director must be someone who has been formally appointed as a director? Well, yes and no. For instance, someone who is involved in the day to day management of a business, but has not been formally appointed as a director or someone who tells the board what to do may also be considered to be a director for the purposes of company law.

Luke Gregory

23 March 2020

COVID-19 economic chaos – how can audit deadlines still be met?

We are living in unprecedented times.  Boris Johnson’s announcements each day, whilst aimed at slowing the growth of the global pandemic which is COVID-19 (Coronavirus), will undoubtedly have a drastic effect on businesses in all sectors.

Julie Matheson

30 January 2020

What we know so far about the Competition and Markets Authority Annual Plan 2020-21

On 23 January 2020, the Competition and Markets Authority (CMA) published its consultation on its proposed Annual Plan for 2020/2021. The consultation sets out the CMA’s proposed main objectives and priorities for the coming year.

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