SHADOW DIRECTORS: WHO ARE THEY, WHAT ARE THEIR DUTIES, AND WHAT ARE THE IMPLICATIONS FOR LIMITATION PERIODS, ACCESSORY LIABILITY AND D&O INSURANCE?

On 10th September, a briefing from 4 New Square Chambers addresses these points.  It says that the subject of shadow directors is highly topical as a result of the drive towards greater corporate transparency and establishing who really owns and controls companies as well as the desire, particularly in insolvency, to maximise recoveries following on from corporate wrongdoing.  The Chambers offer both a podcast and handout (dated February 2019) on the subject.

https://www.4newsquare.com/wp-content/uploads/2019/09/Shadow-Directors-by-Michael-Bowmer.pdf

https://www.4newsquare.com/podcast/shadow-directors-who-are-they-what-are-their-duties-and-what-are-the-implications-for-limitation-periods-accessory-liability-and-do-insurance/

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s