The last two years have been unprecedented in all aspects of business life. As we emerge from the pandemic, with more economic uncertainty predicted, the advice we give to directors has changed. Directors seeking to wind up their distressed companies need to be aware of the potential personal liability issues arising from their duties as directors, the new powers of HMRC to impose personal liability in certain insolvency situations, and the way in which the Insolvency Service is seeking to apply the disqualification regime. Our focus is on BBL and CBILS, director loan accounts and payment of remuneration by directors personally. The Ratings (Coronavirus) and Directors Disqualification (Dissolved Companies) Bill extends the Insolvency Service’s powers to investigate and disqualify company directors who dissolve companies to avoid repaying the loans obtained through Covid support schemes.
This session will look at the advice we need to consider when advising directors pre-appointment, the powers of the IP to investigate and obligation to do so, the impact of liquidating a company with exposure to COVID-19 financial support schemes and how to handle advice to directors in relation to potential personal liability.
Anyone with an interest or role in insolvency looking for an update, a fresh approach or a concentrated introduction to the issue.
£50 + VAT per person
50% reduction for every third one hour session you book.