10 September 2021
Legislative proposals to hold delinquent company directors to account are a step in the right direction but do they go far enough?
Fladgate partner Sophia Purkis and senior associate Judith Davidge, both London Solicitors Litigation Association committee members, take a close look at the Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Bill and find it falls short in some regards.
They explain it is too easy to have a company dissolved and for third parties to be unaware of the dissolution, while the Insolvency Service is underfunded and lacks resources.
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