Directors Duties and Misfeasance Trading Lessons From BHS
By EsqSocial Corporation 26/07/24
Actions brought against the BHS directors by the group’s liquidators have resulted in the largest reported award for wrongful trading since the provision’s introduction, but the judgment highlights some unsettled areas of the law relating to directors’ duties. The collapse of the British Home Stores group (BHS) in 2016 — for many years a household name on the UK high street — left much destruction in its wake....
By: Latham & Watkins LLP