A recent duties of directors judgement in Burnden v Fielding said Company Directors cannot now use the 6 year Limitation period as a defence to a Liquidator’s claim under certain circumstances. This is not good news for Company Directors. Our insolvency litigation solicitors say there is still hope for directors.read more
Misfeasance Claims against Directors are increasing. They are often brought against directors by liquidators and usually involve an allegation of the misapplication of company money and/or property. Often, the first thing directors know about such a claim is when a weighty pre-action letter of claim comes through the letterbox… on a Saturday morning.