Limited liability in company law protects the directors of the company from personal liability if the business becomes insolvent. Is it fair that directors of a company that has failed can leave with all of their own personal assets intact while the creditors of the company may lose theirs?
Describe the circumstances under the Companies Act 2006 UK where directors may face personal losses in spite of Limited Liability.
Describe the circumstances under the Companies Act 2006 UK where directors may face personal losses in spite of Limited Liability.
* need some examples like Salomon V Salomon & co ltd and other cases. (at last 5/7 cases) for cases us Oscola Referencing.
* UK law.
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