New rules could stop agency bosses ‘doing a phoenix’

New rules aimed at preventing company directors from acting improperly could spell the end of agency bosses repeatedly entering into pre-pack arrangements or ‘phoenixing’.
Mon, 21 Sep 2015

New rules aimed at preventing company directors from acting improperly could spell the end of agency bosses repeatedly entering into pre-pack arrangements or ‘phoenixing’.

The Insolvency Service revealed in a statement last week that the Secretary of State’s powers to have a director of a limited company disqualified are being strengthened from 1...

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