Commentary

34 False representations by officers of the company

BANKRUPTCY AND INSOLVENCY (CORPORATE INSOLVENCY) vol 3(3)
| Commentary

34 False representations by officers of the company

| Commentary

34 False representations by officers of the company

A past or present officer of a company commits an offence if he makes any false representation or commits any other fraud for the purpose of obtaining the approval of the company’s members or creditors to a proposal for a voluntary arrangement1. This provision ought in principle also to lead to civil liability for damages for breach of statutory duty, but there is no equivalent of the provision in bankruptcy proceedings that false information in the statement of affairs or other document supplied by the debtor constitutes grounds for making

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