WebAug 19, 2014 · Q: Does s.216 of the Insolvency Act apply to administration as well as liquidation. In a former answer it is said that in the case of administration the situation is 'less clear cut.'. Are there comparative provisions to s.216 that apply solely to administration or can s.216 apply? WebS216 insolvency Act 1986 precludes the reuse of trade names unless the use is permitted by the court or office holder, and the acquirer was not involved with the failed company previously. Be careful of this - if you take on the directors/managers they could face criminal charges if this is not addressed properly. TUPE

Re-use of company names - GOV.UK

http://www.agassociates.org.uk/wp-content/uploads/2011/08/Section-216-Section-217-of-the-Insolvency-Act-1986.pdf WebWe regularly advise debtors, creditors, directors and officeholders on matters arising from insolvency scenarios including directors' duties, s216 Insolvency Act interviews, wrongful trading claims, preferences, transactions at an undervalue, transactions defrauding creditors, director loans, unlawful payment of dividends, and injunctions ... librarian vacancies in law firm in nigeria

S216 & S217 Insolvency Act 1986 - Purnells Insolvency Practitioners

WebThis Practice Note considers sections 216 and 217 of the Insolvency Act 1986 that concern the prohibition on the use of certain names of companies that entered into an insolvency … WebNov 19, 2013 · Q: I understand that under s216 Insolvency Act 1986 a company cannot use a "prohibited name" for 5 years following the liquidation of a company and that under s217 a director is personally liable for the debts of the new company. WebOct 21, 2024 · In the recent case of PSV 1982 Ltd v Langdon, the High Court of Justice has held that where a company’s liability has been determined by way of court proceedings, a director who is in breach of section 216 of the Act is automatically liable for that debt. mc in the 9th house