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Voidable preference—court considers relevant date of connection

Voidable preference—court considers relevant date of connection
Published on: 23 February 2018
Published by: LexisPSL
  • Voidable preference—court considers relevant date of connection
  • What are the practical implications of the decision?
  • What was the background?
  • What did the court decide?
  • Insolvency
  • Secured creditor
  • Connected person
  • Preference
  • Transaction at an undervalue

Article summary

Restructuring & Insolvency analysis: Jon Chesman, associate at Squire Patton Boggs (UK) LLP, examines a High Court decision which found the applicant liquidator of a company had made out her case that a transfer of stock from the company to the first respondent, a former director of the company, amounted to a preference and a transaction at an undervalue, so relief ought to be granted under the Insolvency Act 1986 (IA 1986). or take a trial to read the full analysis.

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