Two directors of a joinery firm which traded while “hopelessly insolvent” could be disqualified from involvement in companies for between five and 10 years, a High Court judge has said.
Ann O’Loughlin of the Irish Examiner writes that Mr Justice Robert Haughton said he would hear submissions later on what period of disqualifications he would impose on Patrick McGowan and Vincent Fox, directors of Wood Products (Longford) Ltd which employed around 12 in its Longford town premises.
Given the “serious but not egregious” nature of their misconduct, the judge’s preliminary view was that the appropriate period of disqualification was in the range of five to 10 years with the conduct of Mr McGowan, which was “more blameworthy”, attractin…
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