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Update 31 March 2020 – Wrongful Trading, Winding Up Petitions and Moratoria

by Paul Brindley | Mar 31, 2020 | Advice to Directors, Coronavirus, CVLs, Upsettable Transactions

We are in very difficult times, where I suspect many companies are insolvent on a cash flow basis, unable to pay their suppliers on time. Although the government are intending to bring in a law to relax the rules over wrongful trading, the detail hasn’t been seen so...

Can a director, shadow or de facto director be made personally liable for the failings of their company?

by Paul Brindley | May 25, 2019 | CVLs

The English Technology and Construction Court recently held that the directors were liable in tort for the failings of their insolvent construction company. It is not uncommon for construction companies set up to act as the employer on a specific contract to turn out...

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