Liquidators bring successful misfeasance claim against company directors for historic tax avoidance schemes

Aziz Abdul, Steven Porter and Alasdair Terkatz-Cameron of Addleshaw Goddard examine a successful £436,500 misfeasance claim against directors who benefited from failed tax avoidance schemes, with the Court finding that disputed HMRC assessments counted as present liabilities, triggered the creditor duty and could be pursued despite the age of the transactions.

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