bto solicitors - Corporate & Commercial Business Lawyers Glasgow Edinburgh Scotland

  • "really fights your corner..."
    "really fights your corner..." Chambers UK
  • "Consistently high-quality work and client-friendly approach."
    "Consistently high-quality work and client-friendly approach." Chambers UK

Directors' and Officers' Liability

The insolvency of a company can have wide-ranging implications for its directors and officers.

In particular, when a director or officer of a company knows, or ought to know, that there is no reasonable prospect of the company avoiding insolvent liquidation, advice should be sought as to what steps to take.

Personal liability can be established against a director or officer under various statutory provisions which include wrongful trading, fraudulent trading, breach of trust and misuse of the company name.

It is vitally important that directors and officers are aware of their duties in relation to the company and its creditors and the potential for personal liability.

Contact Dorothy Hatfield, Partner dh@bto.co.uk  /  Alastair Dunn, Partner akd@bto.co.uk   /  T. 0141 221 8012 

“The level of service has always been excellent, with properly experienced solicitors dealing with appropriate cases" Legal 500

Contact BTO

Glasgow

  • 48 St. Vincent Street
  • Glasgow
  • G2 5HS
  • T:+44 (0)141 221 8012
  • F:+44 (0)141 221 7803

Edinburgh

  • One Edinburgh Quay
  • Edinburgh
  • EH3 9QG
  • T:+44 (0)131 222 2939
  • F:+44 (0)131 222 2949

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