UK: SUPREME COURT CONFIRMS POCA CONFISCATION ORDER CANNOT BE ENFORCED IN PRIORITY TO PROPRIETARY CLAIM

An article from Eversheds Sutherland on 19 July reported on the outcome of Crown Prosecution Service v Aquila Advisory Limited.  It says that it is good news for companies (or their assigns) seeking to recover the benefits obtained by directors in breach of their fiduciary duties – but warns of steps that the CPS might take to avoid the problem, where the facts of the case allow.

https://www.eversheds-sutherland.com/global/en/what/articles/index.page?ArticleID=en/Financial-services-and-dispute-investigation/Supreme_Court_confirms_POCA_confiscation_order_cannot_be_enforced

Any modest contributions for my time and ongoing expenses are welcomed!  At Buy me a Coffee one-off contributions start as low as $3, at

https://www.buymeacoffee.com/KoIvM842y

NOTE THAT THE ABOVE LINK IS NOW CORRECTED AND WORKS!

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 View all posts by raytodd2017