Power Law Briefing: Company Liquidations: Diminution not a requirement for voidable transactions
We now have the final answer in the long-running litigation between Robt. Jones Holdings Limited and the liquidators of Northern Crest Investments. Kensington Swan RJH argued that, in addition to the requirements in section 292 of the Companies Act, for a payment to be voidable it must also have the effect of diminishing the pool […]