ABSTRACT
We have already learned that a director cannot be personally liable for the debts of an insolvent company unless that director has given guarantees (see p 20) or has misbehaved (see pp 67-70).
The Phoenix was a magical bird that, when it felt old age creeping on (as it did every thousand years or so), cremated itself on a funeral pyre, from which it emerged fresh and new and ready for another thousand years of adventures.
