Carillion director disqualification proceedings – Insolvency Service drops proceedings against non-executive directors in so-called “test case”

The team at Herbert Smith Freehills shares why the Insolvency Service discontinued disqualification proceedings against five former non-executive directors of Carillion on the eve of trial, and takes the position that the case pursued by the Insolvency Service with respect to the duties of non-executive directors has never reflected the law.

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