Legal News

First compensation order made against disqualified director (Re Noble Vintners)

Published on: 11 November 2019
Published by: LexisPSL
  • First compensation order made against disqualified director (Re Noble Vintners)
  • What are the practical implications of the judgment?
  • What was the background?
  • What did the court decide?
  • Case details

Article summary

Corporate analysis: Andrew Scott, a senior associate at Shepherd and Wedderburn LLP, examines a High Court decision to make a compensation order under section 15A of the Company Directors Disqualification Act 1986 (CDDA 1986) against the defendant director of a company. He had earlier been made subject to a disqualification order for misappropriating £559,484 from the company, which was in creditors’ voluntary liquidation, and thereby causing a loss to its creditors in that amount. The compensation order, in the sum of £559,484, was the first to be made against a director under CDDA 1986 and the court gave guidance on the factors to be taken into account. or take a trial to read the full analysis.

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