Article 14 Participation in wrongful tradingC1
Northern Ireland
Where the High Court makes a declaration under Article 177 or 178 of F1the Insolvency (Northern Ireland) Order 1989 that a person is liable to make a contribution to a company's assets, then, whether or not an application for such an order is made by any person, the Court may, if it thinks fit, also make a disqualification order against the person to whom the declaration relates.
The maximum period of disqualification under this Article is 15 years.
In this Article “company” includes overseas company.
Annotations
Textual amendments
- F1
Words in art. 14(1) substituted (1.10.2009) by Companies Act 2006 (Consequential Amendments, Transitional Provisions and Savings) Order 2009 (S.I. 2009/1941), art. 2(1), Sch. 1 para. 209 (with art. 10)
- F2
Art. 14(3) inserted (1.10.2015) by Small Business, Enterprise and Employment Act 2015 (c. 26), s. 164(1), Sch. 8 para. 9(11); S.I. 2015/1689, reg. 2(h)
Modifications
- C1
Art. 14 applied by S.I. 1989/638, reg. 20(2) (as inserted (1.10.2009) by European Economic Interest Grouping (Amendment) Regulations 2009 (S.I. 2009/2399)), {reg. 21(4)} (with reg. 2))