Question to the Department for Business, Innovation, Science and Trade:
To ask the Secretary of State for Business, Innovation, Science and Trade, what guidance the Insolvency Service provides to former company directors on the distinction between the closure of a director conduct investigation without further action and separate civil claims brought by a liquidator.
The Insolvency Service’s standard correspondence explains that a decision not to take disqualification action does not prevent any other investigation, action or legal proceedings, whether civil or criminal.
This expressly includes separate action by an insolvency office-holder, such as a liquidator or administrator, acting under their own powers and responsibilities.