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 | Dec 15, 2019 | Advice to Directors, CVLs, Director Disqualification, Upsettable Transactions
4 years ago the pre-existing Company Director Disqualification legislation (CDDA) was amended to enable the government, in cases of public interest, to obtain a ‘compensation order’ against directors who they have banned where the directors’ actions have caused loss...
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...
