Company Directors Disqualification Act 1986

ICL Commercial Law are one of the UK’s most active legal practices advising defendants and potential defendants in threatened or actual proceedings brought about by the Secretary of State for Business Innovation and Skills (BIS) formerly known as BERR and the DTi.

Directors and former directors often find themselves in a position, usually following the insolvency of a company, or companies of being threatened with disqualification proceedings. It is essential that people who find themselves in this position seek immediate legal advice. The sooner the advice is sought the better the chances of defending the action.

ICL Commercial Law often succeed in persuading BIS to discontinue actions against directors. Where proceedings have already been commenced we can sometimes secure an agreement from BIS to cease the proceedings and if that is not possible agree a lesser period of disqualification.

Being disqualified from acting as a director can have massive implications on company directors, particularly as they may be directors of ongoing companies. ICL Commercial Law can advise on this and often obtain permission from the Courts for company directors to continue to act as directors despite being disqualified.