Domain Manage

Domain of liquidated Company ?

Discussion in 'General Board' started by retired_member32, Mar 12, 2010.

Thread Status:
Not open for further replies.
  1. retired_member32

    retired_member32 Retired Member

    Joined:
    Jul 2007
    Posts:
    2,140
    Likes Received:
    21
    Could i ask is it possible for a director of a liquidated company to sell a domain whilst still under the care of the liquidators ?
     
  2. Domain Forum

    Acorn Domains Elite Member

    Joined:
    1999
    Messages:
    Many
    Likes Received:
    Lots
     
  3. retired_member13

    retired_member13 Banned

    Joined:
    Jul 2009
    Posts:
    1,317
    Likes Received:
    33
    It's possible, but I don't think it's legal if it's a company asset.
     
  4. bb99 United Kingdom

    bb99 Well-Known Member

    Joined:
    Mar 2005
    Posts:
    1,598
    Likes Received:
    38
    If the domain is owned by the company then no, it would not be legal. The domain is a company asset and the liquidator is responsible for it.

    It's the sort of thing that "could just happen" with an electronic transfer, but would probably be stopped/queried by Nominet if it were a paper transfer.
     
    Last edited: Mar 12, 2010
  5. retired_member32

    retired_member32 Retired Member

    Joined:
    Jul 2007
    Posts:
    2,140
    Likes Received:
    21
    let me try and expand a bit as this is a little misleading....

    i have been negotiating with a liquidator about a domain registered under a Company that is presently liquidated and the director of the liquidated company as outbid me ??
     
  6. bb99 United Kingdom

    bb99 Well-Known Member

    Joined:
    Mar 2005
    Posts:
    1,598
    Likes Received:
    38
    In that case as Sean says it's perfectly fine. The liquidator is getting the best deal for the creditors of the company by auctioning it to the highest bidder - nothing wrong with that!
     
  7. Retired_member41

    Retired_member41 Retired Member

    Joined:
    Mar 2010
    Posts:
    3,443
    Likes Received:
    55
    If he is disqualified, which isn't likely, you could block his registration.

    If the company collapsed due to severe negligence, then again you could block any registration.

    It would probably cost you more inlegal bills though than it would better outbid him.

    You could always quuery with the liquidator that they need to check if all figures add up, if they dont, which they dont often do, they wont sell it to him anyway.

    If however, it is just a plain and simple company gone south, the directors are well within their rights to buy it, and quite often do, usually before the company folds.
     
Thread Status:
Not open for further replies.

Share This Page