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, […]
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 […]
