Monthly Archives: March 2017

Reckless Trading and a Directors Liability

The Companies Act 1993 (“the Act”) provides the framework that applies in respect of directors' duties and reckless trading. The Act prohibits a director from allowing the business to be carried on in a manner likely to create a substantial risk of serious loss to the company’s creditors. Any director who fails to exercise necessary

By | March 15th, 2017|