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.
United Kingdom, Insolvency & Restructuring, Litigation, Macfarlanes LLP, Corporate governance, Companies Act 2006 (UK), UK Supreme Court