Directors lose rent guarantee loophole
Directors lose rent guarantee loophole
- 1996
- Financial Times 7 March 1996, 11(1) .
The House of Lords has overturned a 90-year old decision. Directors who guarantee to pay their company`s rent will be liable even if the company goes into liquidation.
DISCLAIMED LEASES
LIQUIDATION
RENT GUARANTEES
The House of Lords has overturned a 90-year old decision. Directors who guarantee to pay their company`s rent will be liable even if the company goes into liquidation.
DISCLAIMED LEASES
LIQUIDATION
RENT GUARANTEES