HomeCase studiesSMEs, directors & shareholdersCommercial LitigationNegotiating a much-reduced settlement for a director accused of making improper withdrawals from the company account

Why the client needed our help

The liquidator of the company for which our client was previously a director was pursuing him for in excess of £0.25 million for a director’s loan account. They claimed that our client had made illegitimate withdrawals and unauthorised payments using the company’s money.

How we helped

First of all, we asked the liquidator’s solicitors to provide further documents and information so that we could analyse the details of the claim and see what evidence they had. Using this, we were able to pull together a defence to the director loan account claim for our client which we could use to negotiate a settlement.

The outcome

The strength of our defence, which casted doubt on the liquidator’s claim, enabled us to negotiate a much-reduced settlement for our client. He was delighted.

I was greatly impressed with the commercial, tactical and technical ability of the team at FWJ. They quickly got to grips with a complex set of facts and, through their hard work, had the proceedings against me dropped and a significant proportion of my legal fees repaid. I couldn’t recommend them highly enough.

A director we defended against a disqualification claim and other claims brought by a liquidator

Key contacts

Sue Brumby

Sue Brumby

Senior Associate

Stephen Downie

Stephen Downie

Partner

Maria Koureas-Jones

Maria Koureas-Jones

Partner

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