Misfeasance

Misfeasance, in the context that we are referring to here, is any perceived wrongdoing by the Director of a Company, as defined by the Companies Act and the 1986 Insolvency Act. These acts specify that Directors of a Company must not:

  • Misapply Company money
  • Misapply or retain Company property
  • Breach any duty of trust when dealing with Company money or property
  • This is referred to in Section 212 of the 1986 Insolvency Act which addresses the question of misfeasance and indeed makes a Director personally liable to pay back to the Company the amount of the loss caused by any misfeasance to the extent that the Court orders.

The Legal Company
3rd Floor
55 Old Broad Street
London
EC2M 1RX
(By Appointment Only)

The Legal Company
3000 Manchester Business Park
Aviator Way
Manchester
M22 5TG