What is a personal guarantee? Personal guarantees are often requested when starting a business, obtaining funding from a bank as a form of security or the signing of a lease.  It is also common practice for directors of limited companies to be asked to provide a Personal Guarantee in circumstances where a supplier is refusing […]

The Insolvency Practitioner, His Role and the Misfeasance Claims That Can Be Brought by Him Against Company Directors Introduction Insolvency can be a challenging and stressful time for company directors, particularly when appointing an Insolvency Practitioner (often referred to as an IP).  This article aims to provide an overview of the role of an IP, […]

The role of a company director in the United Kingdom is one of great responsibility and legal obligation. Governed by the Companies Act 2006 and the Company Directors Disqualification Act 1986 (CDDA), directors are held to high standards of conduct. Failure to meet these standards can result in director disqualification, a severe penalty that can […]

Are you a dental laboratory owner grappling with the labyrinth of legal complexities in the industry? If yes, we have some thrilling news that will transform your journey! D&N Solicitors, a renowned law firm with a rich history in providing expert legal assistance, has announced a groundbreaking new service tailor-made for dental laboratories in the […]

PERMISSION TO ACT AS A DIRECTOR ONCE DISQUALIFIED Being investigated, pursued and subsequently disqualified (whether by court order or by signing a Disqualification Undertaking) can feel like the end of the world for many directors who whether for reputational, required by the industry they operate in or for tax efficiency reasons, choose to conduct their […]

The days of a director having the ability to rely upon the corporate shield of limited liability has long been weakened with some even suggesting no such shield longer exists. This is no more evident than with Personal Liability Notices (‘PLN’). THE POWERS OF HM REVENUE & CUSTOMS HM Revenue & Customs (‘HMRC’) penalty regime […]