Blog: Supreme Court decision may impact on directors and prescriptive periods in Scotland
Scottish insolvency practitioners may be able to use a decision of the Supreme Court in an English case on time limit in support of bringing claims against company directors, even if the claims are over five years old and, on the face it of it, are out of time, writes Katrina Lumsdaine, Partner at Anderson Strathern.
The Supreme Court’s decision was on the interpretation of the English Limitation Act 1980, however, the decision may have an impact on prescriptive periods and company directors in Scotland.
Supreme Court’s decision
Implications for Scotland