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United Kingdom transactions defrauding creditors s423asset recovery

Invest Bank PSC v Ahmad Mohammad El-Husseini

[2024] EWHC 1235 (Comm)
JurisdictionUnited Kingdom
CourtHigh Court (Commercial Court, King's Bench Division)
Year2024
StatusPersuasive authority

Key Principle

In a claim under section 423 of the Insolvency Act 1986 (transactions defrauding creditors), the central question is whether a purpose of the impugned transaction was to put assets beyond the reach of, or otherwise prejudice, actual or potential creditors, engaging the court's power to set aside the transaction and grant relief restoring the position.

Area of Law

General

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