166 Director’s disqualificationThe parties to a buy-out facilitated by equity finance should remember that a person can be disqualified from acting as a director of a company under the Company Directors Disqualification Act 1986 Section 6 if the court is satisfied that the conduct of the person as a director or shadow director of an insolvent company (either taken alone or taken together with his conduct as a director of one or more other companies or overseas companies) makes him unfit to be concerned in the management of a company1.
The parties to a buy-out facilitated by equity finance should remember that a person can be disqualified from acting as a director of a company under the Company Directors Disqualification Act 1986 Section 6 if the court is satisfied that the conduct of the person as a director or shadow director of an insolvent company (either taken alone or taken together with his conduct as a director of one or more other companies or overseas companies) makes him unfit to be concerned in the management of a company1.
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
0330 161 1234