Domain of liquidated Company ?

[retired_member32]

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 ?

 

[retired_member13]

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 ?

It's possible, but I don't think it's legal if it's a company asset.

 

[bb99]

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 ?

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.

 

[retired_member32]

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 ??

 

[bb99]

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 ??

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!

 

[Retired_member41]

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.