Reckless trading: a director’s liability

The well-known “CNA” case brought by the CNA liquidators against John Newton, the financial director of CNA on the basis of alleged reckless trading, is still very relevant today, even though the case was decided under the 1973 Companies Act. Newton was sued in 2007 by CNA’s joint liquidators, who claimed that during the period 2000 to read more..

By |2020-07-25T08:09:54+02:00Jun 9th, 2020|Companies Act, Directors, In:Sight|0 Comments

Duties of directors

The common law duties of directors have now been partially codified in the Act. The duties and liabilities of directors are dealt with in sections 75 to 77 of the Companies Act, 2008.  The definition of “director” now includes: an alternate director;a prescribed officer;a member of a board committee; ora member of the audit committee read more..

By |2020-07-06T12:20:46+02:00Apr 12th, 2020|Companies Act, Directors, In:Sight|Comments Off on Duties of directors
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