LEXLAW Solicitors & Barristers
The High Court ordered Dr Amir Matta, director of Saint George Investment Holdings Ltd, to repay £1.43 million after he misapplied company funds for personal expenses, breaching his statutory duties under the Companies Act 2006 and authorising unsubstantiated payments to connected parties during a period of financial distress.
Sky News interviewed our Insolvency Team’s senior partner on the Comet Group collapse into administration. The administrators’ proposals revealed that while secured creditors were set to recover only about a third of their debts, unsecured creditors—including HMRC, employees, and customers—would receive less than 1p in the pound.
The early advertisement of winding-up petitions can be a serious abuse of process, potentially causing unjust harm to businesses before legal matters are resolved. We provide expert guidance and representation to protect clients from these premature actions. We focus on securing fair treatment and safeguarding your business’s reputation. Contact us today for professional support.