The Supreme Court will hand down its judgment soon - July 6, to be precise - in Campbell v Gordon, an appeal from Scotland (see [2015] CSIH 11). The issue before the court, to quote directly from its summary of the case, was whether "on the liquidation of a company, a director who has failed to obtain and maintain insurance on behalf of the company as required by statute, incurs personal liability to an injured party for loss arising from that failure".
Friday, 1 July 2016
UK: liquidation and the personal liability of directors - Supreme Court judgment due on July 6
The Supreme Court will hand down its judgment soon - July 6, to be precise - in Campbell v Gordon, an appeal from Scotland (see [2015] CSIH 11). The issue before the court, to quote directly from its summary of the case, was whether "on the liquidation of a company, a director who has failed to obtain and maintain insurance on behalf of the company as required by statute, incurs personal liability to an injured party for loss arising from that failure".
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