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Re Purpoint Ltd

[1991] BCLC 491

Case summary last updated at 22/01/2020 19:24 by the Oxbridge Notes in-house law team.

Judgement for the case Re Purpoint Ltd

Company started to look like it was going into insolvency in 1986. Director left company in 1986, and company went bust in 1987. D was sued for wrongful trading, alleged he was not liable for losses arising after he ceased to be director. Held:
·       C was liable for all losses after date on which he ought to have realised there was no reasonable prospect of company avoiding insolvency.

Re Purpoint Ltd crops up in following areas of law