13. Januar 2020
A judge disqualified a director for paying £559,484 to another company he controlled without any concern for the interests of creditors.
The Secretary of State applied for an order against the director under the 2016 compensation order regime on behalf of certain creditors which, through their trading with the company, had led to the company having £559,484 in cash before the director paid it away.
To qualify for a compensation order, creditors of an insolvent company must have suffered a loss caused by the misconduct of a disqualified director, and the judge agreed that these particular creditors should receive compensation in specific sums, totalling £559,484.
Secretary of State for the Business, Energy and Industrial Strategy v Eagling [2019] EWHC 2806 (Ch)
Nick Moser
Alexander Tocili
von Nick Moser
von Nick Moser
von Nick Moser