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30 June 2016
Issue: 7705 / Categories: Case law , Law digest , In Court
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Insolvency

Brown and another, the joint administrators of Loanwell Ltd v Stonegale Ltd [2016] UKSC 30, [2016] All ER (D) 133 (Jun)

 

The Supreme Court held in dismissing the appeal that the purpose and effect of the transactions between the group of companies prior to administration was to divert assets away from the companies’ creditors contrary to s 242 of the Insolvency Act 1986. There had been no reciprocity between the disposals and the earlier payment made to the bank. That they were gratuitous alienations was plain and obvious.

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MOVERS & SHAKERS

Hogan Lovells—Lisa Quelch

Hogan Lovells—Lisa Quelch

Partner hire strengthens global infrastructure and energy financing practice

Sherrards—Jan Kunstyr

Sherrards—Jan Kunstyr

Legal director bolsters international expertise in dispute resolution team

Muckle LLP—Stacey Brown

Muckle LLP—Stacey Brown

Corporate governance and company law specialist joins the team

NEWS

NOTICE UNDER THE TRUSTEE ACT 1925

HERBERT SMITH STAFF PENSION SCHEME (THE “SCHEME”)

NOTICE TO CREDITORS AND BENEFICIARIES UNDER SECTION 27 OF THE TRUSTEE ACT 1925
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