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- Could a director of an insolvent company, who was held to be in breach of his directorial duties, be ordered to draw down his personal pension benefits to pay a judgment debt?
Could a director of an insolvent company, who was held to be in breach of his directorial duties, be ordered to draw down his personal pension benefits to pay a judgment debt?
Emma Ahmed and Frances Bailey of Hill Dickinson use a recent decision to warn directors that their pension pots may be vulnerable in situations where their company enters into a creditors’ voluntary liquidation and a judgment debt falls on the director due to breach of director’s duties.