Legal News

Of debts and dividends (LRH Services Ltd v Trew)

Published on: 18 April 2018
Published by: LexisPSL
  • Of debts and dividends (LRH Services Ltd v Trew)
  • What are the practical implications of this case?
  • What was the background?
  • What did the court decide?
  • Conclusion

Article summary

Restructuring & Insolvency analysis: The case of LRH Services Ltd (in liquidation) v Trew underlines that a company and its directors must take great care when reviewing information leading to the making of a solvency statement under the Companies Act 2006. Failure to do so has the potential for criminal repercussions and possible personal liability in the future. Rebecca Zaman, of 3 Verulam Buildings, explains a case that offers clarity for insolvency practitioners. or take a trial to read the full analysis.

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