Appeal court win for company directors

By admin | 16/10/2022
The appeal court rejected BTI's claim upholding the notion that directors have no duty to consider creditors until insolvency is looming

The UK Supreme Court recently dismissed a claim for a law change that would force company directors to take creditors into account at the first sign of insolvency. Instead, the Supreme Court upheld the current law. As a result, directors only need to prioritise creditors when company insolvency is highly likely. Under the current ruling,…

Read More