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Joint claims against directors statute-barred as no continuing obligation to repay illegal loans (High Court)

by PLC Restructuring and Insolvency
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In Brown and another v Button and others [2011] EWHC 1034 (Ch), the High Court considered the limitation period for a claim under section 212 of the Insolvency Act 1986 by the liquidators of a company against the former directors, regarding loans that were unlawful under section 330 of the Companies Act 1985.

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Also Found In
Resource ID 8-506-0693
© 2024 Thomson Reuters. All rights reserved.
Published on 18-May-2011
Resource Type Legal update: case report
Jurisdictions
  • England
  • Wales
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