Riley v Aidiniantz

A claim seeking relief under section 423 of the Insolvency Act 1986 (transactions defrauding creditors) is a claim upon a specialty and so is subject to the 12-year limitation period under section 8 of the Limitation Act 1980, not the 6-year period, and time runs from when the claimant is actually prejudiced (a 'victim') by the impugned transaction.