Company Law Reform Bill tipped to increase litigation brought against directors
January 18, 2006 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
The forthcoming Company Law Reform Act could fuel a surge in litigation brought by shareholders against directors, some of the UK’s top company lawyers have warned.
The reforms, which are expected to come into force in 2007, will make it easier for investors to sue directors, by allowing a shareholder to bring proceedings on behalf of the company against a director for negligence, default, breach of duty or breach of trust.
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