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.