BHS directors liable for wrongful trading and misfeasance

The High Court has found two former directors of the BHS group of companies liable for wrongful trading and misfeasance under the Insolvency Act 1986 (the Act). Relief against the directors has been ordered in the amount of £18m, with further rulings still to come.

Filed under:
United Kingdom, Insolvency & Restructuring, Litigation, Macfarlanes LLP, Corporate governance, Companies Act 2006 (UK), UK Supreme Court
Authors:
Lois Horne , Mark Edwardes Jones , Natalie Peacock , Madeleine Brown
Location:
United Kingdom
Firm:
Macfarlanes LLP