In the case of Re R (Deceased)  EWHC 936, a claim was brought under the Inheritance (Provision for Family and Dependants) 1975 Act (“the Act”) for reasonable financial provision...
Contentious insolvency including directors disqualification
When a business is insolvent there may be contentious issues to address, such as allegations of wrongful or fraudulent trading or breaches of fiduciary duties by the directors of the company. The liquidator or administrator may take action to recover overdrawn directors loan accounts, unlawful dividends or preferential payments. If liability is proven, this can result in repayment of large sums, disqualification from acting as a director or even a criminal prosecution.
Our Dispute Resolution team advises business owners, directors and shareholders as well as regularly acting for liquidators and administrators. We can advise on these issues and help deal with any connected claims.