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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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