Category: Directors Disqualification

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Manolete Case Study: Director Ordered to Repay Preferential Payment (s.239 Insolvency Act 1986)

The High Court ordered former director Simon Thacker to repay £33,542.20 after benefiting from the extinguishing of his director’s loan account, which was ruled a preference under s.239 Insolvency Act 1986. In contrast, claims against fellow director David Coleman were dismissed after he successfully rebutted the statutory presumption of desire to prefer, despite having received £15,000 shortly before insolvency.

Manolete Case Study: Director Ordered to Repay £1.43m for Unauthorised Expenditure (Director’s Duties & Insolvency Act Breaches)

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.

"High Court mandates £0.92m repayment by director for breaching insolvency duties, clarifying creditor priority and litigation funders' rights in director misconduct cases."

Manolete Case Study: Court orders Director to Repay £0.92m (Director’s Insolvency Duty Breach)

Manolete pusured a Direcors Claim against Director Norman Freed. The High Court ordered the director to repay £918,590 for funnelling monies to linked firms pre-insolvency, breaching duties under the Companies Act 2006 and Insolvency Act 1986.

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Defending Manolete Partners’ Insolvency Legal Claims

If you’re facing liquidator legal action backed by Manolete Partners (or other litigation funders), expert legal representation is essential. We specialise in defending clients against such claims. Our expert team provides strategic legal support to counter aggressive tactics and ensure the most optimal outcome is achieved by you in your case.

Director Liability, Insolvency Act 1986, Manolete Partners, Connected Party Transactions, Breach of Fiduciary Duties, Insolvency Litigation Funding, Corporate Governance, Preferences, Knowing Receipt, ICC Judge Mullen

Manolete Case Study: Director Ordered to Repay £0.9m for Insolvency Duty Breach (Transactions at Undervalue)

The High Court ordered Norman Freed to repay £918,590 after causing Just Recruit Group Ltd to make substantial payments to connected companies while insolvent, breaching his fiduciary duties under the Companies Act 2006.

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COVID-19: Suspension of liability for wrongful trading ended on 30 September 2020

The Corporate Insolvency and Governance Act (“CIGA”) came into force on 26 June 2020 introducing a number of reforms aimed at providing protection to directors and companies in financial distress,…

Directors of Virtuosi Limited were disqualified for a total of 18 years under the Company Directors Disqualification Act 1986 for selling but failing to deliver tickets for major events while continuing to trade insolvently. The disqualification prevents them from acting as directors or in similar roles for the duration, with names entered on the official disqualification register. Lexlaw offers specialist legal defence for directors facing disqualification and guidance on court applications to act despite disqualification.

Online Ticketing Company Directors Receive Lengthy Disqualification Order

Directors disqualified for 18 years under the Company Directors Disqualification Act 1986 for selling but failing to deliver event tickets while continuing to trade insolvently. Lexlaw offers specialist legal defence for directors facing disqualification and guidance on court applications to act despite disqualification.