Carillion director disqualification proceedings - Insolvency Service drops proceedings against non-executive directors in so-called “test case”

On the eve of trial, the Insolvency Service (IS), acting on behalf of the Secretary of State for Business and Trade, has discontinued disqualification proceedings brought in January 2021 against five former non-executive directors (NEDs) of Carillion plc. The trial, which had been listed for around 13 weeks (and originally as long as 6 months) had been due to start on Monday 16 October 2023.

Filed under:
United Kingdom, Insolvency & Restructuring, Litigation, Herbert Smith Freehills LLP, Corporate governance, Financial Conduct Authority (UK), Insolvency Service (UK), Companies Act 2006 (UK)
Authors:
John Whiteoak , Natasha Johnson , Richard Mendoza , Christopher Cox , Peter Thompson
Location:
United Kingdom
Firm:
Herbert Smith Freehills LLP