UK Ltd Company working under Swiss Jurisdiction

[Firenze]

If I have a UK company contracted with a Swiss company under Swiss jurisdiction, and the UK company becomes insolvent, what are the liabilities if any, for the UK company and its directors. Thanks in advance.

[Lance]

If I have a UK company contracted with a Swiss company under Swiss jurisdiction, and the UK company becomes insolvent, what are the liabilities if any, for the UK company and its directors. Thanks in advance.

limited company

noun: limited liability company
a private company whose owners are legally responsible for its debts only to the extent of the amount of capital they invested.

[northernladuk]

You have to give up your first born.

HTH

[WordIsBond]

limited company

noun: limited liability company
a private company whose owners are legally responsible for its debts only to the extent of the amount of capital they invested.

'Directors' and 'owners' are not the same thing.

Directors certainly can have liability depending on what they have done and the circumstances around the insolvency. I'd not suggest disbursing all the funds as dividends to yourself before paying VAT or Corp Tax and then trying to close it as insolvent. It won't end well.

[jamesbrown]

limited company

noun: limited liability company
a private company whose owners are legally responsible for its debts only to the extent of the amount of capital they invested.

Depends. Office holders have legal responsibilities. Transfers of debt are possible in some cases.

[NotAllThere]

Depends. What have you done?

[Old Greg]

Depends. What have you done?

Questionable things.

[BR14]

Depends. What have you done?

Used a washing machine on a Sunday.