Guidance

Director disqualification: a guide to compensation orders

Compensation orders aim to make directors who are subject to a disqualification order or undertaking financially account for the consequences of their unfit conduct.

Documents

Details

The Insolvency Service can apply to the court for a compensation order on behalf of the Secretary of State for Business, Energy & Industrial Strategy. The court can make a compensation order if the director is subject to a disqualification order or undertaking and their conduct has caused a quantifiable loss to one or more creditors of an insolvent company.

Published 9 November 2017