Court rewinds CMA director disqualification order
The High Court has allowed two individuals to continue to act as company directors after the Competition and Markets Authority (CMA) secured disqualification orders against them.
The CMA fined five refurbishment companies in a settlement where they admitted to rigging bids on tenders from a college and law firms. Stamatis and Davis were directors at the implicated Forefront Group which includes 360 Workplace, Area Sq., Sketch Studios and Cube Interior Solutions and they received disqualification orders for two years and nine months and 18 months respectively.
The Court found that the public protection in upholding the orders must be balanced against the needs of the companies concerned. It found that the disqualifications could lead to further redundancies and that Stamatis was essential to the organisations’ culture. Overturning the bans, the Court was satisfied that the conduct was not likely to be repeated.
Stamatis and Davis v CMA [2019] EWHC 3318 (Ch)
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