GLOBAL CORPORATE LIMITED V Hale; re Powerstation UK Ltd Facts: The Company operated a vehicle tuning business. There were two directors and shareholders. They worked long hours. The directors received a salary of £456 each per month. They also each received an additional £1,383 each per month. The directors signed tax vouches each month which[…]
July 2019
BTI 2014 LLC v Sequana SA 2019 This case addresses the thorny issue of when a director’s duty to have regard to the interests of creditors is triggered. The Sequana SA caused its subsidiary to declare it a dividend, which it set off against the inter company account. At the time the subsidiary was not[…]