Company directors' disqualification proceedings following the failure of FSA‐regulated firm

Abstract

Purpose

The purpose of this paper is to report on the company directors' disqualification proceedings following the failure of FSA‐regulated firm.

Design/methodology/approach

The paper outlines the facts surrounding the decision and comments on the ruling.

Findings

It was found that this whole question of overlapping laws in highly complex and regulated business sectors is a real one and is set to become a growing problem for courts to manage and boards to predict.

Originality/value

The paper highlights the real, practical problems that can arise when different legal regimes criss‐cross the same factual domain.

Citation

Gray, J. (2008), "Company directors' disqualification proceedings following the failure of FSA‐regulated firm", Journal of Financial Regulation and Compliance, Vol. 16 No. 1, pp. 111-115. https://doi.org/10.1108/13581980810853262