Shareholder's Liability for Receiving Illegal Payment

Shareholder's Liability for Receiving Illegal Payment
It's a Wrap (UK) Ltd ( in liquidation) v Gula and another [2006]
EWCA Civ 544
CA
11 May 2006
Daily Law Notes Report Summary
A company bringing a claim against a shareholder for recovery of
an unlawful distribution paid to him had to show that the
shareholder had actual or constructive knowledge of the relevant
facts constituting the contravention.