- 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?
- Secured creditor
- Connected person
- Transaction at an undervalue
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).
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