United Kingdom Leading Case section 214care skill objective standarddirectors personal liabilitycontribution

Re Produce Marketing Consortium Ltd

[1989] BCLC 513

JurisdictionUnited Kingdom

CourtHigh Court (Chancery Division)

Year1989

StatusPersuasive authority

Key Principle

wrongful trading under s.214 IA 1986; personal liability where director knew or ought to have concluded no reasonable prospect of avoiding insolvent liquidation

Area of Law

Insolvency

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