Guidance
Director disqualification: a guide to compensation orders
Compensation orders aim to make directors who are subject to a disqualification order or undertaking financially account for the consequences of their unfit conduct.
Documents
Details
The Insolvency Service can apply to the court for a compensation order on behalf of the Secretary of State for Business and Trade. The court can make a compensation order if the director is subject to a disqualification order or undertaking and their conduct has caused a quantifiable loss to one or more creditors of an insolvent or dissolved company.
Updates to this page
Published 9 November 2017
Last updated 24 January 2024
show all updates
-
New document content added regarding publicity and disclosure of compensation orders and undertakings
-
Section 1. Updated due to new powers to investigate dissolved companies
-
First published.