Director fails to get injunction that would disrupt company business

Company Commercial

A businessman has failed to get an injunction that would have prevented his company filing accounts and holding board meetings. He also failed to establish that a board room colleague had not been validly appointed as a director. The company involved, which provided finance to small businesses, had been acquired by Mr Katan and Mr

Financier ordered to repay €172m after contract failures

Company Commercial

A financier and his associated companies have been ordered to pay €172 million over contract errors and their failure to meet agreed deadlines. The dispute involved Heritage Travel and Tourism Ltd v Lars Windhorst & Ors. The parties had entered into commercial agreements that led to Heritage providing large short-term loans to Windhorst and several

Directors can continue running business despite disqualification

Company Commercial

Two directors have been granted permission to continue running their companies despite being disqualified for breaching regulations. The court accepted that they were essential for the continuation of their business and hundreds of jobs could be a risk if they were not allowed remain at the helm. The case involved two directors of a company

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