Developers personally liable: insolvency and the SPV (UK)

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Developers can be personally exposed if they control risk on a development through the limited liability of an SPV vehicle. A recent case holds directors persoanlly liable for the SPV's debts after they should have realised there was no reasonable prospect of paying them.

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Published In: Bankruptcy Updates, Business Organization Updates, Construction Updates, Finance & Banking Updates, Commercial Real Estate Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Chris Robinson | Attorney Advertising

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