Compensation order
An order requiring a disqualified director, in qualifying cases, to pay compensation where their conduct caused identifiable loss to creditors.
Related terms
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Misfeasance
A breach of duty or misuse of company property by a director or other officer that can lead to a court order requiring repayment, restoration or compensation.
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Disqualification order
A court order preventing a person from acting as a company director or taking part in company management for a specified period.
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Company Directors Disqualification Act 1986
UK legislation that allows directors to be disqualified from acting in company management in specified circumstances, including certain misconduct linked to insolvency.
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