The court orders a disqualified director of an insolvent company to pay personal compensation to creditors.
This is only the second time the courts have considered a personal compensation order against a disqualified director since their introduction in 2015.
What happened?
Secretary of State v Barnsby [2023] EWHC 2284 (Ch) concerned an individual who was the sole director and majority shareholder of a company that sold package holidays.
United Kingdom, Company & Commercial, Insolvency & Restructuring, Litigation, Trade & Customs, Macfarlanes LLP, Insolvency, Office of Financial Sanctions Implementation (UK), Insolvency Service (UK)