Bilta (UK) Ltd v Tradition Financial Services Ltd [2025] UKSC 18 – Exchange Chambers
‘By a Judgment given on 7 May 2025, the Supreme Court has clarified that the persons who may be held liable for fraudulent trading are not limited to those exercising management or control over the company (insiders), but instead include anyone who dishonestly assists or contributes to the carrying on by the company of any business which has been carried on with intent to defraud creditors (outsiders).’
Exchange Chambers, 8th May 2025
Source: www.exchangechambers.co.uk