LCRO 138/2015 AZ, VY and CX v DW and EV [pdf, 260 KB]
...the respondents, alleging breach of directors’ duties and applying to set aside transactions which the liquidators considered were voidable. [9] The respondents asked the liquidators to pursue an action in negligence against the company’s former solicitor. A successful outcome would have provided funds to pay the company’s debts, but the liquidators were unwilling to pursue the claim. [10] The respondents initially personally defended the proceedings against them, but aft...