Director Disqualification Time Limit
The time limit for director disqualification can vary, with a range of between 2 and 15 years. Being a company director comes with a lot of legal responsibilities, and if you…
Director Disqualification – Everything You Need To Know
While the vast majority of the millions of directors across the UK fulfil their legal obligations responsibly, failing to meet these duties can lead to serious and lasting consequences —…
What is wrongful trading? All the information you need
Wrongful trading occurs when a company’s directors persist in trading despite knowing, or reasonably concluding, that the company faced no viable prospect of avoiding insolvent liquidation or administration. Normally, directors…
Court permission to remain a director despite disqualification
If an individual finds themselves threatened with disqualification or has already been disqualified from acting as a director, there is still a possibility of obtaining court permission to resume their…
Key legal points for managing directors
There exists no legal obligation to designate a managing director within a company. Hence, the decision to appoint one is entirely driven by discretion and practical considerations. Nevertheless, when the…
Unfair Prejudice
Unfair prejudice claims are legal actions pursued by minority shareholders who believe their interests have been unjustly compromised by the actions of majority shareholders, often in situations where the latter…
Claims by shareholders or the company
In the realm of corporate governance, the potential for claims by shareholders or the company against directors remains a significant facet of legal and ethical considerations. Shareholders, who hold a…
Claims by the Registrar of Companies
Claims made by Companies House can evoke a sense of fear and seriousness among individuals and businesses alike. These claims can potentially lead to substantial consequences, including financial penalties and…
How to find Companies House disqualified directors
The data held by Companies House is extensive. While many are aware that they keep a record of all active and dissolved businesses, along with their associated individuals, not everyone…
A Guide to Directors’ Responsibilities in Liquidation
Directors of a company have a number of responsibilities during the liquidation process. The first and foremost responsibility of directors during liquidation is to act in the best interests of…