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Stopping company directors from jumping ship - Ged Nash

Posted on July 19, 2017

The report from the Company Law Review Group takes over 150 pages to decide: “Yerra, ’twill do”.

In my report to Government two years ago on the sale and liquidation of Clerys, I wrote of the widespread public concern about the way Clerys was closed and how those whose livelihoods depended on the business were treated.

When a company becomes insolvent, then clearly not all creditors can be paid in full. Hence the vital importance of ensuring that there has been fair dealing with the company’s assets and that all property that should be available is used to pay off the company’s debts.

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