Venue
Online Webinar
Timings
25 June 2024, 5.15pm - 6.00pm
Overview
The High Court has given judgment in Re BHS Group Ltd, the case brought by liquidators of certain BHS companies against former directors. The court has, in a rare step, found two former directors liable for wrongful trading.
The liquidators claimed over £160m from four of the former directors. Trial proceeded against two of those: Mr Henningson and Mr Chandler.
The court found that those two directors should have concluded that there was no reasonable prospect of avoiding insolvent liquidation or administration by 8 September 2015, some 7 months before the companies were in fact put into administration. They will each be ordered to contribute £6.5 million to the companies’ assets.
The claim against Mr Smith, the non-executive director of BHS Group Limited for whom Stuart Hornett and Daniel Webb acted, did not proceed to trial.
Programme
Stuart Hornett and Daniel Webb will address the implications of the BHS judgment for insolvency and company practitioners.
Speakers
Stuart is an experienced advocate whose practice encompasses commercial, chancery, company and banking litigation, partnership, trusts, property, insolvency, international and domestic arbitration and professional liability. He has extensive experience in cases of high value and complexity, often involving multi-party and multi-jurisdictional aspects. Stuart has appeared in numerous high profile and reported matters at first instance and appellate level. He is recognised as a leading junior in various practice areas in Chambers & Partners, The Legal 500 and Who’s Who Legal. Stuart has been the Selborne Chambers Pro Bono Champion and regularly acts for pro bono clients. He provides lectures and seminars and is a co-editor Cousins on the Law of Mortgages.
Daniel has a broad commercial chancery practice, incorporating commercial, civil fraud, insolvency, property, company and financial services disputes. Daniel regularly appears in the High Court and County Court in his own right, as well as working with senior members of Chambers on larger cases.
His recent work includes several high-profile cases, including Re BHS Group Ltd and matters flowing from the London Trocadero v Picturehouse Cinemas litigation.