The Supreme Court has confirmed that s.423 of the Insolvency Act 1986, which provides for the avoidance of certain transactions where they have been entered into for the purpose of defrauding creditors, has a broad application and covers not only transactions entered into by the debtor personally, but also those entered into via the debtor's company: El-Husseiny and another v Invest Bank PSC [2025] UKSC 4.
United Kingdom, Insolvency & Restructuring, Litigation, Herbert Smith Freehills LLP, Insolvency Act 1986 (UK)
The High Court has directed the trustees in a UK bankruptcy case to treat certain Russian bank creditors as not being subject to UK sanctions, unless new evidence suggests otherwise.
United Kingdom, Insolvency & Restructuring, Litigation, Herbert Smith Freehills LLP, Foreign and Commonwealth Office, Office of Financial Sanctions Implementation (UK)