Source: All England Reporter
Publisher Citation: [2002] All ER (D) 149 (Jul)
Court: Chancery Division
Judge:

Launcelot Henderson QC sitting as a deptuy judge of the High Court

Representation Andrew Lane (instructed by Stewart & Co) for the claimants.
  Piers Harrison (instructed by Ronald Fletcher Baker) for the defendants.
Judgment Dates: 10 July 2002

Catchwords

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.

The Case

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.

Practice Areas

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