Company directors' disqualification proceedings following the failure of FSA-regulated firm

摘要

Purpose – The purpose of this paper is to report on the company directors' disqualification proceedings following the failure of FSA-regulated firm. Design/methodology/approach – The paper outlines the facts surrounding the decision and comments on the ruling. Findings – It was found that this whole question of overlapping laws in highly complex and regulated business sectors is a real one and is set to become a growing problem for courts to manage and boards to predict. Originality/value – The paper highlights the real, practical problems that can arise when different legal regimes criss-cross the same factual domain.