This is purely a hypothetical question.
Would a limited company that has no Public Liability insurance be considered to be trading recklessly if there was an incident and a claimant could get nothing due to the company having no assets? I am talking about a charity here.
Could the High Court remove the limited liability and allow the claimant to pursue the directors and shareholders?
Would a limited company that has no Public Liability insurance be considered to be trading recklessly if there was an incident and a claimant could get nothing due to the company having no assets? I am talking about a charity here.
Could the High Court remove the limited liability and allow the claimant to pursue the directors and shareholders?