High Court could disqualify directors who traded 'hopelessly insolvent' firm

Two directors of a joinery firm which traded while "hopelessly insolvent" could be disqualified from involvement in companies for between five and 10 years, a High Court judge has said.

Ann O'Loughlin of the Irish Examiner writes that Mr Justice Robert Haughton said he would hear submissions later on what period of disqualifications he would impose on Patrick McGowan and Vincent Fox, directors of Wood Products (Longford) Ltd which employed around 12 in its Longford town premises.