In David F. Mehigan v. John Duignan (1993 No. 4988P), the Irish High Court, for the first time, ordered a company director personally liable under Section 204 of the Companies Act, 1990 for part of his former company's debts by reason of the company's failure to keep proper accounts.

Jack O'Farrell, partner in A&L Goodbody's Commercial Department takes a look at the findings of this landmark case.

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