Ruling holds directors liable for debts

An English High Court decision may see directors of Irish companies held liable for their failed firms’ debts, write Claire Callanan and Jessica Lyons

24th October, 2009

An English High Court decision may see directors of Irish companies held liable for their failed firms’ debts, write Claire Callanan and Jessica Lyons

Di rectors of failed Irish companies could be held personally liable for debts due to their firms, as opposed to the company’s creditors, following a recent decision in the English High Court.

In the case of ED Games Ltd, the court considered whether a director who was in...

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