Re Purpoint Ltd [1991] BCLC 491
Country:
United Kingdom
Reviewed By Oxbridge Law Team
Updated 2024-01-04 07:05:53 UTC
Company started to look like it was going into insolvency in 1986. Director left company in 1986, and company went bust in 1987.
Defendant was sued for wrongful trading, alleged he was not liable for losses arising after he ceased to be director.
Held
Claimant was liable for all losses after date on which he ought to have realised there was no reasonable prospect of company avoiding insolvency.
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