Unique Director Identification Numbers to Wipe Out Illegal Phoenix Activity
201805.05
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Unique Director Identification Numbers to Wipe Out Illegal Phoenix Activity

The Government will soon introduce a unique Director Identification Number (“DIN”) to combat illegal phoenix activity and to curb the activities of pre-insolvency advisors who will also be targeted and potentially held liable for their advice. As part of the reforms, the Government is consulting on widening the scope of Directors personal liability to include…