Business Updates - Action Planner
High Court Ruling Shifts Burden of Proof to Directors of Insolvent Companies
Announcement Date: 12th August 2015
Ruling Date: 7th August 2015
UK Ruling: The High Court has ruled that it is up to the directors of bankrupt businesses to prove they took every step to minimise potential losses to creditors as soon as they knew there was no reasonable prospect of their company avoiding insolvency.
