The Mudcat Café TM
Thread #49544   Message #751864
Posted By: Malcolm Douglas
20-Jul-02 - 11:46 PM
Thread Name: Help: nic jones reissue
Subject: RE: Help: nic jones reissue
Such actions have to be taken against the company that owns the rights, and cannot be taken against the individual directors of that company. Even if you win, all that will happen is that the company concerned will be liquidated with (on paper) no realisable assets, and another company, miraculously enough, will appear; with the same directors, and owning the same assets that belonged to the company against which you have a valid, but no longer enforceable, judgement. This kind of scam is perfectly legal under UK law (US law, too, I believe); if it happens regularly, the Department of Trade and Industry may investigate, but it is unlikely that they will take any action. Even if they do, the very worst that's likely to happen is that one or more of the directors may be disqualified from holding company directorships for a while. In such cases, they usually just transfer the companies to their wives, and continue to run them uninterrupted.