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Purpose
The purpose of this paper is to report on the company directors' disqualification proceedings following the failure of FSA‐regulated firm.
Design/methodology/approach
The paper outlines the facts surrounding the decision and comments on the ruling.
Findings
It was found that this whole question of overlapping laws in highly complex and regulated business sectors is a real one and is set to become a growing problem for courts to manage and boards to predict.
Originality/value
The paper highlights the real, practical problems that can arise when different legal regimes criss‐cross the same factual domain.
© Emerald Group Publishing Limited
2008
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