Phrases with «wrongful trading»

Wrongful trading refers to a situation when a company continues trading despite being insolvent or having financial difficulties. It means that the company's directors know, or should have known, that there is no reasonable chance of the company recovering but still keep operating. This can lead to legal consequences and is considered inappropriate behavior. Full definition

Sentences with «wrongful trading»

  • We advised the director of a large tour operator on proposed claims by the administrators for wrongful trading, breaches of statutory and fiduciary duties and preference payments. (druces.com)
  • Philip has extensive expertise in insolvency litigation including wrongful trading, misfeasance actions and antecedent transaction litigation and in representing directors facing director disqualification proceedings. (templebright.com)
  • Tim's recent insolvency experience includes s. 236 interviews / applications, applications by office holders for directions, unfair prejudice petitions, misfeasance and wrongful trading claims, undervalue / preference / s. (erskinechambers.com)
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