Fraudulent trading claims expanded beyond directors

A UK Supreme Court judgment has opened the door to recoveries against a wider group of potential defendants in insolvency scenarios. Tim Carter and Lucy Trott of Stevens & Bolton explain the decision and its utility for counter-fraud purposes.

Tim Carter (+44 (0)1483 734248, tim.carter@stevens-bolton.com) is a partner at Stevens & Bolton, where he advises on all aspects of restructuring along with corporate and personal insolvency. Lucy Trott (+44 (0)1483 401261, lucy.trott@stevens-bolton.com) is a managing associate with extensive experience in legal matters related to finance, restructuring and insolvency.

A UK Supreme Court judgment has opened the door to recoveries against a wider group of potential defendants in insolvency scenarios. Tim Carter and Lucy Trott of Stevens & Bolton explain the decision and its utility for counter-fraud purposes.