cwah
Member of DD Central
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Post by cwah on May 29, 2021 10:20:54 GMT
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micky
Member of DD Central
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Post by micky on May 29, 2021 11:45:27 GMT
Add Collateral and a few others to the list  |
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Post by investor1925 on May 30, 2021 8:51:39 GMT
Sadly, I think it will not be retrospectively applied, as with most legislation. 
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Mousey
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Post by Mousey on May 30, 2021 9:10:50 GMT
Sadly, I think it will not be retrospectively applied, as with most legislation. "The measures included in the Ratings (Coronavirus) and Directors Disqualification (Dissolved Companies) Bill are retrospective"
It would appear at first glance that this is intended to target Bounce Back Loan fraud not Lendy/FS related activity "to make provision in connection with the disqualification of directors of companies that are dissolved without becoming insolvent." Eg a colleague of mine who used his limited companies BBL to buy a Tesla before liquidating.
2nd Reading in June, enough time to e-mail your MP to seek amendments.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on May 30, 2021 11:06:16 GMT
Sadly, I think it will not be retrospectively applied, as with most legislation. "The measures included in the Ratings (Coronavirus) and Directors Disqualification (Dissolved Companies) Bill are retrospective"
It would appear at first glance that this is intended to target Bounce Back Loan fraud not Lendy/FS related activity "to make provision in connection with the disqualification of directors of companies that are dissolved without becoming insolvent." Eg a colleague of mine who used his limited companies BBL to buy a Tesla before liquidating.
2nd Reading in June, enough time to e-mail your MP to seek amendments.
Yes, largely irrelevant to P2P platforms as administrators already have the required investigative powers. I suppose there might be the odd borrower where the platform has dropped the ball and failed to object to a dissolution. Not aware of any Lendy cases though ironically it could apply to Lendy Holdings which was dissolved plus other LB linked companies if the administrators feel they need to look into them. AIUI courts already have the ability to restore companies to the registry if required.
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