Directors in firing line after ‘reckless trading’ judgment
Significant implications for directors, particularly if creditors are well-funded or ‘determined’, lawyer says.
You’re ‘stuffed’ if you’re knowingly trading while insolvent says Nic Lawrence.
A recent High Court judgment has thrown open the door to creditor claims against company directors who fall foul of “reckless trading”.
A judgment on September 26 against Timothy Mahoney, a director of contractor Civil Underground, is seen as the first “substantive” decision finding a
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