||All England Reporter
|| All ER (D) 149 (Jul)
Launcelot Henderson QC sitting as a deptuy judge of the High Court
||Andrew Lane (instructed by Stewart & Co) for the claimants.
||Piers Harrison (instructed by Ronald Fletcher Baker) for the defendants.
||10 July 2002
Insolvency - Transaction at undervalue - Transaction for prohibited purpose - Transfer of matrimonial home by husband to wife - Damages order made against husband in libel proceedings - Whether transfer at undervalue - Whether transaction for purpose of putting property beyond reach of claimants - s 423.
On an application by the claimants under s423 of the the court held that the transfer of the matrimonial home by the first defendant to his wife, the second defendant, had been a transaction at an undervalue undertaken for the sole purpose of putting the property beyond the reach of the claimants.
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