by Paul Brindley | Apr 15, 2024 | Upsettable Transactions
Last week, we struck a few parallels between the offside rule in football and limited company insolvency. This week, we extend our football-analogy and introduce a late substitute in our football-insolvency game…The Super Sub Sequana. In football, a skilful...
by Paul Brindley | Jan 20, 2023 | Advice to Directors, Director Disqualification, Upsettable Transactions
The top 5 takeaways from the Sequana case are: Directors have a duty to protect the interests of creditors when a company is facing financial difficulties or is insolvent. Directors must act with care and diligence in managing the company’s financial affairs and...
by Paul Brindley | Mar 19, 2019 | Administration, CVLs
The Court of Appeal recently made a significant ruling on two matters relating to dividends and the shifting focus of directors’ duties. Firstly, it upset a dividend declared and paid by a company as a ‘transaction defrauding creditors’ under S423 of the Insolvency...
