Corporate
The fine line between company and director liability for business debts
The legal separation between a company and its directors is a key element of the limited company business structure. It safeguards directors from personal liability, but not in all cases. There are some instances when liability for business debts moves away from the company and to its directors. Known as removing the ‘veil of incorporation,’ […]
What warranties and indemnities must I give when selling a business?
Warranties and indemnities play an integral part in the process of selling a business. They provide the buyer with assurances about potential future outlay after the purchase has gone through, and help them deal with the unforeseen business-related issues that could arise. In the case of a limited company, purchasers take over the existing and […]
What is the law regarding company director redundancy?
When determining a company director’s eligibility to claim redundancy, it is important to consider a number of factors based around their general working relationship with the company. When a limited company is liquidated, the appointed insolvency practitioner will seek to establish whether a director is also an employee of their company, in which case they […]
Considering a pre packed sale? Know your legal responsibilities
What is a pre pack? Before we start, let’s be clear exactly what a pre pack sale is. A pre pack sale is a sale of a business that has entered into Administration, with the sale being effected almost immediately after the Administrators have been appointed – in most cases, this is usually the very […]
