#2026/17Diskalifiye Edilen Direktörler Tazminat Emirleri (Ücretler) Emri (Kuzey İrlanda) 2026
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This law allows the Department for the Economy in Northern Ireland to charge fees for managing money received from disqualified directors as part of compensation orders. Disqualified directors are those who have been prohibited from serving as company directors due to misconduct. The law aims to ensure that creditors benefit from these compensation payments.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Introduces fees for distributing compensation payments
- Clarifies the role of the Department for the Economy in managing these payments
- Establishes a framework for handling compensation orders against disqualified directors
Obligations
What this law requires
The Department for the Economy in Northern Ireland must establish and implement a fee structure for managing money received from disqualified directors under compensation orders
The Department for the Economy must distribute sums received under compensation orders and undertakings to creditors after deducting applicable fees
The Department for the Economy must manage compensation orders and undertakings accepted from disqualified directors under Article 19A of the Company Directors Disqualification (Northern Ireland) Order 2002
The Department for the Economy may charge fees for the function of distributing sums paid under the terms of compensation orders and undertakings