Tag: company directors
Dividends during the Covid-19 crisis
Earlier this month it was reported that shareholders in a FTSE250 company voted down the company’s proposal to pay a £27 million dividend. Previously there had been criticism in the media of the proposed dividend as the company were furloughing staff and seeking to reduce worker’s pay. The decision of the shareholders to vote down... Read more »
Director fails to convince Court that a Winding Up Petition should be restrained for Covid-19 reasons
In Shorts Gardens LLB v London Borough of Camden Council [2020] EWHC 1001 (Ch) the court found that the director’s application to restrain a winding up petition was without merit. The case involved winding petitions presented by two Councils against two organisations which were connected in relation to unpaid business rates. There had been a... Read more »
Covid-19 – Issues for Directors around wrongful trading
It is nearly a month since the announcement on the 28 March by the Government that it would be temporarily suspending the provisions relating to wrongful trading. At the time of writing the legislative provisions have not yet been debated. The objective of the government at the time was “to help UK companies which need... Read more »