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Regulation

Insolvency Service given new powers to tackle ‘unfit’ directors 

The dissolution process will no longer be able to be used as a method of fraudulently avoiding repayment of Government backed loans

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The Insolvency Service will be given new powers to investigate directors of companies that have been dissolved, in a bid to close a legal loophole and act as a “strong deterrent” against the misuse of the dissolution process.

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