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1) Liz(the liquidator) is also contemplating actions against the directors for breach of their duties to Castle. Please advise Liz in relation to these matters

1) Liz(the liquidator) is also contemplating actions against the directors for breach of their duties to Castle. Please advise Liz in relation to these matters and also in regard as to what penalties may apply. Refer to case law and legislation in your answer.

2. Liz wonders whether any action can be taken against Arrow for their advice. Please advise Liz.

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