Directors Banned After Chalet Biz Took £14M From Investors

Law360, London (May 19, 2021, 4:00 PM BST) -- Two brothers have been banned from acting as directors in the U.K. for six years each after their holiday parks company took £14 million ($20 million) from investors for chalets that were never built, a government agency has said.

The Insolvency Service said on Tuesday that the Business Secretary has accepted disqualification undertakings from James and William Moir after they did not dispute that they had breached their duties as directors of Walsham Chalet Park. The brothers have each been banned from forming or managing a company for six years.

According to their disqualification undertaking, they had failed to provide independent scrutiny...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!