CARILLION’S DEMISE

It is imperative directors understand their duties and obligations, not only during an insolvency, but prior to the company’s collapse. Even if personal liability is not established, in cases where there is significant media interest, such as that of Carillion, the reputational damage caused by allegations of improper and/or fraudulent actions can be severe.

Carillion’s demise and personal liability for directors when a company becomes insolvent