Tag: Directors Disqualification

Directors Duties in the Zone of Insolvency (Sequana)

Insolvent Company Directors’ Personal Liability: BTI v Sequana Explained

If your company is struggling financially, your legal duties as a director change before formal insolvency begins. When does a company director’s duty shift from shareholders to creditors? Following the Supreme Court ruling in BTI v Sequana, directors face strict legal consequences for decisions made during a company’s financial distress. Learn the exact legal triggers for creditor duty and how to avoid claims for breach of fiduciary duty.

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.