Application to bar Bovale directors resumes

THE Director of Corporate Enforcement is to resume his application to disqualify Michael and Thomas Bailey from acting as company directors on grounds of alleged misconduct and fraud in the affairs of their company, Bovale Developments.

The Director initiated the disqualification proceedings in 2006 but they were delayed after the Baileys challenged the admissibility of material on which the Director wanted to rely in his proceedings.

The five-judge Supreme Court last July rejected the Baileys’ bid to overturn a 2007 High Court decision permitting a report by accountancy firm PriceWaterhouseCoopers (PWC) to be used in the disqualification proceedings.