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Legal First: Bermuda court declares director ran company knowing it was insolvent

Former government tourism officer and failed travel agency boss Francis Purvey has become the first director of a Bermuda company to be adjudged to have carried on running a firm while he knew it to be insolvent.The Supreme Court has made a declaration that Mr. Purvey fraudulently traded as president and director of World Travel Advisors Ltd., a travel agency he set up in 1985 after leaving the Department of Tourism.