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Are two Directors required to authorise legal proceedings?

by Your Business Lawyer | May 27, 2022 | Legal Updates, YBL Blogs

Are two directors required to authorise the commencement of legal proceedings? Yes says the High Court. The High Court has considered whether one of two directors (Director A) had authority to instruct solicitors on the company’s behalf to apply for an...
Don’t liquidate and use the same company name without the Court’s permission – Breach of Section 216 is automatic personal liability under s217 – Phoenix Names

Don’t liquidate and use the same company name without the Court’s permission – Breach of Section 216 is automatic personal liability under s217 – Phoenix Names

by Your Business Lawyer | Oct 15, 2021 | Legal Updates

Subject to exceptions, a director of a company that has entered insolvent liquidation is restricted from being involved in the management of a company with a similar name (section 216, IA 1986). A breach of section 216 results in the director being responsible for...

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