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Re Purpoint Ltd [1991] BCLC 491

By Oxbridge Law TeamUpdated 04/01/2024 07:05

Judgement for the case Re Purpoint Ltd

Table Of Contents

  • Company started to look like it was going into insolvency in 1986. Director left company in 1986, and company went bust in 1987.

  • Defendant was sued for wrongful trading, alleged he was not liable for losses arising after he ceased to be director.

Held

  • Claimant was liable for all losses after date on which he ought to have realised there was no reasonable prospect of company avoiding insolvency.

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