Directors’ duties - Court makes substantial wrongful trading and misfeasance award against former directors

Seven years after the British Home Stores Group Limited, a well known high street retailer, and its operating subsidiaries entered liquidation, the High Court has found two former directors liable for wrongful trading and misfeasance.

Background

Filed under:
United Kingdom, Company & Commercial, Insolvency & Restructuring, Litigation, Herbert Smith Freehills LLP, Companies Act 2006 (UK), Insolvency Act 1986 (UK)
Authors:
Sarah Hawes , Shaun Lee , James Palmer
Location:
United Kingdom
Firm:
Herbert Smith Freehills LLP