Supreme Court dismisses appeal in landmark Section 423 Insolvency Act case – OUT-LAW.com

Posted February 24th, 2025 in debts, insolvency, news, statutory interpretation, Supreme Court, valuation and tagged by sally

‘A new ruling by the UK Supreme Court confirms that creditors can obtain remedies if transactions entered into at an undervalue have the purpose and effect of prejudicing claims the creditors have against the debtor – even if the debtor has not personally agreed those transactions.’

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OUT-LAW.com, 20th February 2025

Source: www.pinsentmasons.com