Barry.Nilsson. Lawyers

More Paine for Insurers of Insolvent Companies: Insurers joined to proceeding in anticipation of directors’ potential bankruptcy

27 May 2022 | Insurance & Health Law

As part of a proceeding against Directors for insolvent trading brought by the Liquidator and Company, it came to light that should the plaintiffs succeed the Directors would become bankrupt and unable to pay. Therefore, the plaintiffs sought to join the Company’s insurers as at the relevant time,...