Directors who breached their duties ordered to repay £600k

Two businessmen who breached their legal duties as company directors have been ordered to repay £600,000, even though the court accepted that one of them probably hadn’t realised that anything unlawful was happening. The case involved TMG Brokers Ltd, which had gone into liquidation. The liquidator applied for declarations under the Insolvency Act 1986 in

New ‘one-stop’ watchdog to provide more protection for workers

The government is to introduce a new watchdog organisation to protect workers’ rights and prevent unfair practices. Responsibility for tackling modern slavery, enforcing the minimum wage and protecting agency workers – currently spread across 3 different bodies – will be brought under one roof, creating a comprehensive new authority, which will ensure businesses that break

Financial services directors disqualified for trading while insolvent

Two financial services directors have been disqualified for continuing to trade and take money from clients while their company was insolvent. Paul Rossi was a director of Independent Derivative Traders Ltd. The company traded as ‘Futex’ and provided access to a financial markets trading platform for sub-contracted independent traders. He was joined in the management

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