27 Aug 2010
BRUCE NELSON DAVIDSON V REGISTRAR OF COMPANIES HC WN CIV 2010-485-76
- Citation
- openlaw-006bda5e_05c0_44a8_af85_436ea6af31b0.pdf
- Court
- High Court
The Court dismissed the appeal; s 385 applies where company insolvency was wholly or partly caused by mismanagement and individual directors of qualifying companies are eligible for prohibition unless they satisfy the Registrar they were not responsible or that prohibition would be unjust or inequitable. Mr Davidson failed to satisfy the Registrar on causation and just/equitable grounds and prohibition for two and a half years (from 1 December 2009) was appropriate and is upheld.