We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

UK Losing £96B As 1 In 8 Disqualified Directors Remain Active

Law360, London (May 16, 2019, 5:19 PM BST) -- More than 1,000 individuals who have been disqualified from holding directorship posts in Britain are still running companies, costing the U.K. £96 billion ($121 billion), research by a fraud investigation provider revealed Thursday.

HooYu, an identity verification service, said that one in eight of the U.K.’s 6,700 disqualified directors are registered as holding an active directorship on Companies House, the government’s registrar of businesses. This is possible because of loopholes in the register that allow fraudsters to record themselves as the head of a company despite being banned from holding this role.

The current registration process used by Companies House is...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

map

Kirkland & Ellis LLP has redefined what it means to be the biggest of BigLaw — weighing in at 2,116 attorneys by year end 2018 and becoming the first firm since Law360 began tracking law firm head counts to top 2,000 U.S.-based attorneys.

Related

Sections

Government Agencies