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Can the directors of the failed company take up same positions at the phoenix company?

April 26, 2017COMPANY Directors failed Phoenix positions

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Can the directors of the failed company take up same positions at the phoenix company?

1 Answer

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Yes, any director of a failed company can take up the same position at a phoenix company providing they have not been made subject to a disqualification order or undertaking, they are not personally bankrupt, and they are not subject to a bankruptcy restrictions order or undertaking.