How long can a disqualification order last if a director is guilty of fraudulent trading?

A disqualification order related to fraudulent trading can indeed last for a substantial duration, specifically up to 15 years. This reflects the severity of the wrongdoing and serves as a significant deterrent against engaging in such unlawful behavior again.

Fraudulent trading occurs when a company is knowingly involved in dishonest practices, leading to the suggestion that the directors acted in a manner that was not only contrary to the interests of creditors but also reflective of serious misconduct. Given the potential harm to creditors and the wider implications for the business community, the law allows for longer disqualification periods for directors found guilty of these serious offenses.

The reference to a maximum of five years, a minimum of two years, or an indefinite order does not align with the legal framework that governs disqualification for fraudulent trading. These durations do not reflect the gravity of fraudulent activities and the need for stronger repercussions to maintain integrity within business operations. Thus, the 15-year maximum is a more appropriate reflection of the legal consequences associated with such misconduct.