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United Kingdom
wrongful tradingdirectors duties
Grant v Ralls
[2016] EWHC 243 (Ch)
Key Principle
Even where directors are found to have wrongfully traded under section 214 of the Insolvency Act 1986, the court will not order a contribution unless the liquidator proves that the continuation of trading actually increased the company's net deficiency, the loss caused thereby being the proper measure of any contribution.
Area of Law
General
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