Directors’ duty to consider interests of creditors | Practical Law

Directors’ duty to consider interests of creditors | Practical Law

The High Court has considered whether particular dividends contravened Part 23 of the Companies Act 2006 and directors’ duties, and whether dividends were transactions defrauding creditors under section 423 of the Insolvency Act 1986.

Directors’ duty to consider interests of creditors

Practical Law UK Articles 4-633-7659 (Approx. 5 pages)

Directors’ duty to consider interests of creditors

by Ashurst LLP and Practical Law Corporate
Published on 29 Sep 2016 • United Kingdom
The High Court has considered whether particular dividends contravened Part 23 of the Companies Act 2006 and directors’ duties, and whether dividends were transactions defrauding creditors under section 423 of the Insolvency Act 1986.