Directors’ Disqualification - The Current Position for Insolvency Professionals

Introduction

As more companies face long term financial difficulties in the current challenging economic times, and as the long-term effects of COVID-19 on businesses become more apparent, more companies are moving towards a formal insolvency process.

The result is that those insolvency professionals advising company directors are seeing an increase in instructions from those facing directors’ disqualification proceedings.

In particular we are seeing claims involving the misuse of bounce back loans and other issues as a knock-on effect from the COVID-19 era.

For lawyers who have a good grounding in the disqualification regime, their advice can be invaluable in helping director clients work their way through the mire of proceedings and come out the other side.

This webinar will look at the key issues in directors’ disqualification for those that advise directors facing such proceedings.

What You Will Learn

The webinar will cover the following:

• How can a director be disqualified? - The various statutory provisions that apply
• Who might be subject to the disqualification regime? - What constitutes a director for these purposes?
• How long can a director be disqualified for?
• What is a director disqualified from doing?
• What constitutes unfitness? - With examples of what can be considered ‘misconduct’ that warrants formal disqualification
• Misuse of bounce back loans as a new issue pervading disqualification claims post COVID-19
• What is a disqualification undertaking?
• What is the process for these proceedings?
• Who pays the costs of the disqualification?
• What happens if a director is in breach of their disqualification?
• Permission to be a director despite disqualification - How and when is this possible?

This pre-recorded webinar will be available to view from Friday 28th February 2025

Alternatively, you can gain access to this webinar and 1,700+ others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.