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United Kingdom
Leading Case
uncategorized
Re Produce Marketing Consortium Ltd (No 2)
(1989) 5 BCC 569; [1989] BCLC 520 (Ch D)
Key Principle
On a wrongful-trading claim under s.214 Insolvency Act 1986 a director is judged by both an objective standard (the general knowledge, skill and experience reasonably expected of a person carrying out his functions) and a subjective standard (his actual attributes), and the contribution ordered is primarily compensatory, measured by the depletion of the company's assets attributable to the continued trading.
Area of Law
i
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