which to me sounds like justice should it happen! Very rarely in deals like 
this does the villain of the piece get what, morally-speaking (and please let's 
leave the argument over morals till a later date) they deserve.
   
  I still think new depths are there to be plumbed re LUFCs existence.
   
  John

RickD <[EMAIL PROTECTED]> wrote:
  The true significance of a section 216 breach, as I understand it, is that 
the directors of the new company can be held personally liable for debts 
incurred by the new company. 



       
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