Director good faith: UK Supreme Court draws a clear line on covert conduct
ArticleUK Supreme Court rules covert director conduct breaches good faith duty under s172, even with sincere belief - key implications for boards and IPs.
I am a licensed Insolvency Practitioner and qualified accountant in Grant Thornton's Insolvency and asset recovery team. I specialise in investigating, formulating and managing fraud and civil claims in an insolvency context.
I deal with personal and corporate contentious appointments. My work involves detailed investigations and making use of powers granted to insolvency practitioners under statute-to-obtain files, records, and information from third parties, with a view to identifying potential claims to pursue for the benefit of creditors. Typical claims include breach of fiduciary duty, misfeasance, wrongful trading, unlawful dividend and antecedent transaction claims.
UK Supreme Court rules covert director conduct breaches good faith duty under s172, even with sincere belief - key implications for boards and IPs.
Supreme Court rules in Drelle v Servis-Terminal: unrecognised foreign judgments can found a UK bankruptcy petition. Key implications for creditors.