UK: INSOLVENCY SERVICE REPORT ON RECENT DIRECTOR DISQUALIFICATION ENFORCEMENT ACTIVITY

On 28 April, Cohen & Gresser (UK) Ltd reported that the Insolvency Service has published statistics on its enforcement activities and outcomes during the last financial year.  The report describes its enforcement activities in the areas of director disqualifications, company enforcement actions, bankruptcy and debt relief matters, and criminal prosecutions.  The report says that 3 noteworthy trends in director disqualification enforcement emerge –

• an overall increase in the number of disqualifications, as compared with previous years;
• a focus by the Insolvency Service on the abuse of Covid-19 financial support schemes; and
• an increase in the average length of disqualifications.

https://www.jdsupra.com/legalnews/the-uk-s-insolvency-service-reports-on-9441261/

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