$110
Insolvency Litigation
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Case Details
Two directors of BHS held jointly and severally liable to pay over £110 million in compensation for breach of directors’ duties, causing the insolvent company to increase its financial deficit by £140 million.
Additional Notes
The High Court found directors liable for misfeasance (breach of duties to uphold creditors' interests) and wrongful trading. The compensation was calculated based on the increase in the company's net asset deficiency during the period of wrongful trading.
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