Sentence examples for wrongful trading from inspiring English sources

Creditor protection is best delivered via a board friendly bankruptcy system instead of with a creditor friendly system that includes a wrongful trading rule.

In this paper, we use an agency theory framework to address the relative efficiency of a duty to creditors, a duty to refrain from wrongful trading, or contractual devices.

The conclusion is that creditor duties, or wrongful trading rules, are superfluous, while private solutions are still inadequate to solve all the agency problems in a way that the proponents of both types of creditor protections aim for.

Since then, the S.E.C. has argued that Mr. Cuban tried to "conceal his wrongful trading" and concocted "a cover story," by sending an e-mail to his broker saying, "I want to make sure I was 100 pct kosher on that trade".

In the email, Geraldi said the last company to consider a rescue had pulled out on Friday, and "therefore, with heavy hearts, but mindful of our responsibilities with regard to wrongful trading, the Board of Wrapit plc set the insolvency wheels in motion".

Green read a letter from Duff & Phelps to MPs that claimed HMRC had issued a seven-day winding-up notice against BHS, that lawyers acting for the board of BHS had advised the directors they were at risk of wrongful trading, and that the salaries of staff might not be paid unless the retailer was protected by an administration order.

What is odd about the law in this area is that the benefit requirement is far removed from what is considered wrongful about insider trading, which is the misuse of confidential information for personal gain that undermines confidence in the market.

What makes a particular instance of insider trading so wrongful that the government's most powerful law enforcement weapon — a criminal conviction — is used on defendants who pose little threat to society beyond their own avarice?

Any person dealing in any such merchandise may be enjoined from dealing therein within the United States or may be required to export or destroy such merchandise or to remove or obliterate such trademark and shall be liable for the same damages and profits provided for wrongful use of a trade-mark, under the provisions of sections 81 to 109 of title 15.

And in specifying the conduct that would incur liability for infringement, the Act similarly prescribed that an aggrieved party could "enjoin the wrongful use of such trade-mark used in foreign commerce or commerce with Indian tribes". Act of March 3, 1881, 21 Stat.

The remedy was later invoked for wrongful taking generally.