Company directors
The fine line between company and director liability for business debts
The legal separation between a company and its directors is a key element of the limited company business structure. It safeguards directors from personal liability, but not in all cases. There are some instances when liability for business debts moves away from the company and to its directors. Known as removing the ‘veil of incorporation,’ […]
What does the Rating and Directors Disqualification Act mean for company directors?
The Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Act 2021 grants new powers to the government to investigate and disqualify a company director after they dissolve a company. The legislative measure was pushed through parliament during the coronavirus crisis and received Royal Assent in December 2021. This Act is timely as it protects company stakeholders […]
