Solicitors Journal, Your voice in a changing legal world
‘Unscrupulous and illegal’ behaviour to rise following removal of litigation funds
Lawyers and insolvency professionals believe changes to insolvency litigation will lead to ‘unscrupulous or illegal behaviour’ by directors who no longer fear the risk of legal action being taken against them.
A survey by Encompass Corporation found that four-fifths of respondents think that one in three cases where companies place themselves into insolvency while holding undeclared assets will not proceed to legal action due to a lack of funding available for investigation and prosecution.
Read the complete review below
Lawyers and insolvency professionals believe changes to insolvency litigation will lead to 'unscrupulous or illegal behaviour' by directors who no longer fear the risk of legal action being taken against them.
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