Posted by William Bartoli-Edwards, Paralegal
Could directors be liable for failing to prepare for Brexit?
Shareholders and investors can make claims against the directors of a company if the company underperforms because it has been mismanaged or a director has breached their duties. These claims could arise if a company suffers a loss from poor Brexit preparations. Mactavish, an insurance company, has warned that if the loss is a result of risks which were not properly disclosed, director and officer insurance policies could be invalid.