The difficulties that can arise when directors are involved with different companies at the same time was illustrated in a recent case before the Court of Appeal.
The case involved a woman and...
Creditors are now entitled to be given more information when a failing company is involved in a “pre-pack” administration – a practice which is becoming more widespread.
Two sisters who were directors at the same company must pay more than £75m in compensation because they failed to take action to stop their brother's dishonest behaviour.
The European Commission wants to introduce new measures to reduce the administrative burden on public limited-liability companies relating to mergers and divisions.
A new raft of measures introduced in the Companies Act 2006 came into effect on 1st October and will impact on directors and the way they run their businesses.