A High Court judge has ordered former BHS director Lennart Hennington and Dominic Chandler, former BHS general counsel, to each pay £6.5 million to the company’s assets after they were found to be liable for wrongful trading and misfeasance between March 2015 and April 2016.
The case had been brought against Dominic Chappell, Hennington, and Chandler, but Chappell did not participate in the trial.
Mr Justice Leech broke down his findings and handed down what is one of the most significant wrongful trading awards.
The judgement was the result of a legal case instigated by FRP Advisory administrators Anthony Wright and Geoffrey Rowley, who had accused Chappell, Hennington and Chandler of wrongful trading, misfeasance, and breach of statutory and fiduciary duties.
The BHS collapse, which is one of the UK’s most notorious retail insolvencies, resulted in outstanding debts in excess of £1bn, costing 11,000 employees their jobs.
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