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Old 19th March 2004 | 15:47
  #232 (permalink)  
Boss Raptor

 
Joined: Nov 2000
Posts: 1,016
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From: London,Bucharest...wherever...
Directors of a 'Limited' company have limited liability this is the whole modus operandii behind most particular corporate vehicles unfortunately...however there is recourse if it can be proven they acted negligently, not in the interests of shareholders (more or so in the case of a PLC) and/or illegally...Liquidators can pursue Directors through the civil courts but it is a long and slow process as is any action by DTI against a Director where they may eventually be disqualified...dont hold out for this one...
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