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 […]
