The Supreme Court gave judgment earlier today in Jetivia SA v Bilta (UK) Ltd [2015] UKSC 23: see here or here (pdf). The court held that the appeal should be dismissed, finding that the wrongful activity of a company's directors and shareholders could not be attributed to the company; it also held that section 213 ("Fraudulent trading") of the Insolvency Act 1986 had extra-territorial effect.
A summary of the decision is available here (pdf) and also in the below video (if you cannot see the video, try viewing it here):
Wednesday, 22 April 2015
UK: Supreme Court gives judgment in Jetivia v Bilta
The Supreme Court gave judgment earlier today in Jetivia SA v Bilta (UK) Ltd [2015] UKSC 23: see here or here (pdf). The court held that the appeal should be dismissed, finding that the wrongful activity of a company's directors and shareholders could not be attributed to the company; it also held that section 213 ("Fraudulent trading") of the Insolvency Act 1986 had extra-territorial effect.
A summary of the decision is available here (pdf) and also in the below video (if you cannot see the video, try viewing it here):
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