We helped an individual at an insolvency practitioners’ firm bring a claim for wrongful trading and breach of duty against a director of a golf tour company.
Before the company entered insolvent liquidation, it received monies from customers for future golf events in Augusta. The liquidator argued that the director knew (or ought to have known) the company was insolvent and would not be able to complete the trips. The director failed to closely watch the company’s cash flow and the actions of his fellow director.
After we issued proceedings in October 2020, we were required to review complex areas of insolvency law. This included establishing the true date of insolvency and the further creditors incurred. The matter settled on confidential terms.