Isle of Man court bans directors of failed firm

Pedro Gonçalves
Isle of Man court bans directors of failed firm

Three directors from collapsed investment firm Louis Group (IoM) have been banned from the financial industry worldwide by an Isle of Man court for a period ranging from 5 to 12 years. Alan Louis, the head of a failed island investment firm, as been banned from acting as a company director for 12 years. Two other directors of Louis Group (IoM), Lukas Nakos and John McCauley, were disqualified from acting as directors for six years and five years respectively. Deemster Rosen QC said the ...

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