On a normal day, directors can be held personally liable for wrongful trading in an insolvency situation. In the current Coronavirus pandemic, our days are not normal. In response to the effect the Coronavirus pandemic may have on companies, the UK Government has announced that it will temporarily suspend the wrongful trading provisions for company directors.
Without any acknowledgement of the irony, the Supreme Court today (April Fool’s Day) issued its judgement in the case of WM Morrison Supermarkets v Various Claimants.
Private limited companies whose articles of association (“Articles”) require them to hold an annual general meeting (“AGM”) should consider contingency plans in light of COVID-19.
Last Friday, the Presidents of the Employment Tribunals (England & Wales, and Scotland) issued Presidential Guidance updating the Vento bands for injury to feelings awards in discrimination cases.