Supreme Court clarifies meaning of “due debts” in voidable transaction regime

Yesterday the Supreme Court in David Browne Contractors Ltd v Petterson clarified the meaning of “due debts” in s292 of the Companies Act and, in doing so, upheld the Court of Appeal’s decision setting aside two transactions made by a company to related companies.

Kensington Swan have prepared the below newsflash

Supreme Court clarifies meaning of “due debts” in voidable transaction regime

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