United Kingdom: Corporate and Company Law

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A recent High Court judgment examines whether liquidators can pursue director loan account debts through section 212 of the Insolvency Act 1986, or whether such claims must be brought separately under CPR Part 7. The case explores the scope of "misfeasance" and "breach of duty" within insolvency proceedings, with significant implications for procedural strategy in director liability claims.

The UK government is launching a major consultation to reduce corporate reporting requirements, aiming to save businesses over £450 million annually by streamlining director duties and governance obligations that have accumulated since the 1980s. This initiative seeks to balance reducing red tape with maintaining compliance, as Business Secretary Jonathan Reynolds notes that average annual reports now exceed the length of The Hobbit.