Corporate insolvency law and the liability of company directors for wrongful trading and fraudulent trading

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Periodical article

Title:	Corporate insolvency law and the liability of company directors for wrongful trading and fraudulent trading
Author:	Mwenda, Kenneth Kaoma
Year:	2008
Periodical:	Zambia Law Journal
Pages:	65-94
Language:	English
Geographic term:	Zambia
Subjects:	company law bankruptcy liability
Abstract:	This article examines the legal aspects of liability of company directors for fraudulent trading and for wrongful trading in Zambia, including the salient and pertinent aspects of fraud by officers of companies that have gone into liquidation. The author argues that Zambia should consider enacting a statute that disqualifies persons convicted of such offences from serving as directors of companies. At present, Zambia continues to experience a weak compliance culture in the area of corporate governance, and there are not many mechanisms to deal with the enforcement of directors' liability other than to rely on the judicial process. Notes, ref. [ASC Leiden abstract]