Are two directors required to authorise the commencement of legal proceedings? Yes says the High Court. The High Court has considered whether one of two directors (Director A) had authority to instruct solicitors on the company’s behalf to apply for an...
Subject to exceptions, a director of a company that has entered insolvent liquidation is restricted from being involved in the management of a company with a similar name (section 216, IA 1986). A breach of section 216 results in the director being responsible for...
If you are looking to retire and exit from your business, then the best solution is to sell your business. For many smaller SMEs this may not be possible and so the next best option is to wind down your business and exit via a solvent liquidation, commonly allowing...
This is a guest blog by my friends at PBC Business Recovery and Insolvency. Written by Gary Petitt. What is the outlook for the UK economy post lockdown? That is a question I have been asked many times, while others tell me how busy my profession will be. PBC Business...
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