Are not the directors liable/responsible for their earlier actions taken during their directorship period? Simply transferring assets and goodwill to a newly formed company of a different name does not let them just abandon liabilities (under the more stringent directorship liability legislation I'd of thought).It makes sense now why Ralmax started a new company to limit its liability
http://www.doingbusi...ntroduction-115
- D ENVIRONMENTAL LEGISLATION
Directors may be held liable for environmental offences, for causing or permitting environmental damage or for environmental offences committed by the companies they serve.
jbw
editted to add: barges can carry quite a lot, so can be an attractive alternative at times (= 20 old sized barges or 10 new sized barges in this instance, re. the 20,000 cubic meter removal recommendation)
http://www.caria.org...s_tugboats.htmlWhat is the size of a barge?
The standard barge is 195 feet long, 35 feet wide, and can be used to a 9-foot draft. Its capacity is 1500 tons. Some of the newer barges today are 290 feet by 50 feet, double the capacity of earlier barges.