In a recent case, BTI 2014 LLC v Sequana SA & others, the High Court was asked to consider the circumstances in which the directors of a company are required to consider the interests of creditors and the extent to which the payment of a dividend by a company can be susceptible to challenge under section 423 of the Insolvency Act 1986 (IA 1986).
Filed under:
United Kingdom, Insolvency & Restructuring, Litigation, Cummings Law Ltd, Confidentiality, Shareholder, Private equity, Breach of contract, Dividends, Fiduciary, Audit, Board of directors, Limited liability company, Venture capital, Code of conduct, Solicitors Regulation Authority (UK), Insolvency Act 1986 (UK)
Authors:
Location:
Firm:
Our last Equity Issues relating to certain corporate questions arising in the case of BTI 2014 LLC v Sequana SA & others considered the circumstances in which the directors of a company are required to consider the interests of creditors and the extent to which the payment of a dividend by a company can be susceptible to challenge under section 423 of the Insolvency Act 1986 (IA 1986).
Filed under:
Authors:
Location:
Firm: