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…

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 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…

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 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…

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…

A Statement of Affairs in liquidation is a document that provides an overview of the financial condition of a company that is in the process of being dissolved. It typically…