Tag: wrongful trading defence | LEXLAW Solicitors & Barristers

"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.

Post date 7 May 2025
Post author By LEXLAW Solicitors & Barristers
Post categories In Case Law, Case Study, Director's Duties, Directors Disqualification, High Court, Insolvency, Litigation
Tags asset protection solicitors, circularity defence, creditor prioritisation, director liability, Freed v Manolete, Insolvency, Insolvency Act 1986, Litigation, litigation funding risks, Manolete Partners claims, wrongful trading defence

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

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