wrongful trading

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• Wrongful trading — is a principle of UK insolvency law. It was introduced to enable contributions to be obtained for the benefit of creditors from those responsible for mismanagement of the insolvent company. The Insolvency Act 1986The principle of wrongful trading …   Wikipedia

• wrongful trading — Under section 214 of the Insolvency Act 1986, where a director allows a company to continue trading when he should have concluded that there was no reasonable prospect that the company could avoid going into insolvent liquidation the director may …   Law dictionary

• wrongful trading — Trading during a period in which a company had no reasonable prospect of avoiding insolvent liquidation. The liquidator of a company may petition the court for an order instructing a director of a company that has gone into insolvent liquidation… …   Accounting dictionary

• wrongful trading — Trading during a period in which a company had no reasonable prospect of avoiding insolvent liquidation The liquidator of a company may petition the court for an order instructing a director of a company that has gone into insolvent liquidation… …   Big dictionary of business and management

• Trading while insolvent — is unlawful in a number of legal systems, and may result in the directors becoming personally liable for a company s assets. Under UK insolvency law trading once a company is legally insolvent can trigger several provisions of the Insolvency Act… …   Wikipedia

• Trading while insolvent (UK) — In many legal systems, once a company becomes insolvent, the directors have to take particular care. Under UK law, trading while insolvent can trigger several provisions under the Insolvency Act 1986 which may have the effect of making directors… …   Wikipedia

• Fraudulent trading — In insolvency law, fraudulent trading refers to a company that has carried on business with intent to defraud creditors. [For example, in the United Kingdom, see section 213 of the Insolvency Act 1986] Where during the course of a winding up it… …   Wikipedia

• fraudulent trading — Carrying on business with intent to defraud creditors or for any other fraudulent purpose. This includes accepting money from customers when the company is unable to pay its debts and cannot meet its obligations under the contract. Such conduct… …   Accounting dictionary

• fraudulent trading — Carrying on business with intent to defraud creditors or for any other fraudulent purpose. This includes accepting money from customers when the company is unable to pay its debts and cannot meet its obligations under the contract. Such conduct… …   Big dictionary of business and management

• Corporate veil in the United Kingdom — The corporate veil in the United Kingdom is a metaphorical reference used in UK company law for the concept that the rights and duties of a corporation are, as a general principle, the responsibility of that company alone. Just as a natural… …   Wikipedia

• Aktiengesellschaft (Vereinigtes Königreich) — Aktie der Barnum Bailey Limited Limited Company (Ltd.) (deutsch: limited: beschränkt, hier: haftungsbeschränkt; company: Firma) wird im britischen Gesellschaftsrecht die nicht börsennotierte Kapitalgesellschaft genannt. Sie gleicht eher der… …   Deutsch Wikipedia