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From garage to unicorn – Employment law lessons for scaling tech teams
Catherine Bourne
A Civil Fraud quarterly round-up (4th quarter 2020)
Disputes between directors often arise because of, and/or result in, disputes about company money. Directors need to be alert to how they are required to act, particularly in times of conflict.
This blog examines some of the issues which arise from giving incorrect professional advice, or failing to give advice, and sets out some practical tips to identify when professional negligence claims may arise.
It is well known that directors owe duties to the company of which they are a director and, in certain circumstances, its shareholders, creditors and employees. Many people believe that if you have not been formally appointed as a director, i.e. you do not appear on Companies House records as a director, you will not owe the usual directors’ duties and, therefore, cannot be in breach of such duties or subject to sanctions for breach.
For many people, the first encounter with the words ‘subject to contract’ is probably when buying or selling a house. In that context, you may notice these words on all the correspondence from the estate agent and between solicitors until the contracts for the sale of the property are formally exchanged.
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