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Rugby Union
Premiership Rugby / Premiership Cup
We Need to talk about Worcester
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<blockquote data-quote="Bada-Bing!" data-source="post: 1098939" data-attributes="member: 70552"><p>Yeh covering this in my CTA OMB course - close companies mainly with group structures thrown in; and mainly in context of Solvent liquidations. I did cover the limited liability in law degree but most of it forgotten now.</p><p></p><p>But yeh very interesting the whole winding up process and whether it's a solvent or insolvent liquidation.</p><p></p><p>Do you work in insolvency?</p><p></p><p>Also I would add that limited liability can be eroded where, say for example, a bank seeks to shift a company liability to a director-shareholder by asking for a personal guarantee, such as a company bank loan. Doesn't looked like it's happened in Worcester's case.</p></blockquote><p></p>
[QUOTE="Bada-Bing!, post: 1098939, member: 70552"] Yeh covering this in my CTA OMB course - close companies mainly with group structures thrown in; and mainly in context of Solvent liquidations. I did cover the limited liability in law degree but most of it forgotten now. But yeh very interesting the whole winding up process and whether it’s a solvent or insolvent liquidation. Do you work in insolvency? Also I would add that limited liability can be eroded where, say for example, a bank seeks to shift a company liability to a director-shareholder by asking for a personal guarantee, such as a company bank loan. Doesn’t looked like it’s happened in Worcester’s case. [/QUOTE]
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We Need to talk about Worcester
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