BTI 2014 Llc v Sequana SA and Others: CA 6 Feb 2019

The Court considered a Director’s duty to act in the interests of his company’s creditors. The Directors were said to have paid out an excessive dividend to put assets beyond the reach of its creditors.

Longmore, David Richards, Henderson LJJ
[2019] EWCA Civ 112, [2019] 2 All ER (Comm) 13, [2019] BCC 631, [2019] 2 All ER 784, [2019] WLR(D) 68, [2019] BPIR 562, [2019] 1 BCLC 347, [2019] Bus LR 2178
Bailii, WLRD
Insolvency Act 1986 423, Companies Act 2006 172(3)
England and Wales

Insolvency, Company

Updated: 11 December 2021; Ref: scu.633097