Can an “outsider” be held liable for fraudulent trading for transacting with a company engaged in fraudulent activity? Should the limitation period for claims accruing to a (restored) company be suspended for the period during which it was dissolved?
The Supreme Court addressed these questions on 7 May 2025 in Bilta (UK) Ltd (in liquidation) and others v Tradition Financial Services Ltd [2025] UKSC 18. Tim Symes, Alice Glendenning and Rafaella Salerno highlight the practical outcomes for creditors, officeholders and those implicated.
Background
The case concerns a form of VAT fraud called missing trader…
