Charities depend on donations and trust.
- Senior Lecturer in Law, University of Liverpool
Naomi Campbell’s charity Fashion For Relief spent only 8.5% of its funds on the causes it highlighted.
The law can help struggling firms turn their business around, but stigma around the legal terms may be deterring companies from acting in time.
Former finance director Zafar Khan is the first of the Carillion directors to receive a punishment for his part in the collapse.
More than 70 clubs from the lower leagues have entered into insolvency procedures since Accrington Stanley went under in 1962.
While ‘patron’ is a position with no formal power, it’s an important role for members of the royal family.
The government has civil and criminal tools to try and recover billions of pounds.
Between £16 billion and £27 billion is estimated to be unrecoverable from small businesses alone.
Under insolvency law, there’s an order in which creditors get paid from whatever is left of a company.
Eight former directors of the collapsed super-contractor face being banned for up to 15 years if they are found to be unfit to run a company.
Not only can directors be disqualified for 15 years, they can be made to pay for any costs they can even be made to compensate for failures out of their own pockets.
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