by Paul Brindley | Jan 26, 2020 | Administration, Advice to Directors, CVLs, Director Disqualification, Ethics & Regulation, Upsettable Transactions
What duties are we talking about? Sections 171 to 175 of the Companies Act 2006, requiring a director of a company to: Section 171 – Exercise their powers for the purposes for which they were conferred. Section 172(1) – Act in the way he considers, in good...
by Paul Brindley | Jan 8, 2020 | Administration, CVLs, Director Disqualification
If you are a director of a company which has entered into any type of aggressive tax scheme and your business is now struggling, you really need to read this. This is why… In late 2016, Implement Consulting Limited went into insolvent liquidation, its statement of...
by Paul Brindley | Jan 5, 2020 | Administration, Advice to Directors, CVLs, Upsettable Transactions
You and the company are not one and the same thing, you are separate legal entities in the eyes of the law. And like any entity with which a company might be dealing, there could be a debtor / creditor relationship – you as a director owing money to the company or...
by Paul Brindley | Sep 18, 2019 | Administration, Advice to Directors, Upsettable Transactions
What is Administration designed to do? The purpose of Administration is first off to save the entire company, and if that’s not possible then save as much of the business that’s within the company, preventing an inevitable closure should the company instead go in...
by Paul Brindley | Aug 23, 2019 | Administration, Advice to Directors, CVLs, Ethics & Regulation, Upsettable Transactions
Directors often come to me troubled, worried about their position as a director of a company that’s at risk of failing, perturbed by all the scare stories about personal liability and other penalties, their minds racing. Yet it’s not a crime to be involved with a...
