Synopsis

Andrew Brueton and Andrew Mace examine Section 423 of the Insolvency Act, which targets transactions designed to place assets beyond the reach of creditors. 

Cases

Invest Bank PSC v El-Husseini [2022] EWCA 894 (Comm)

El-Husseiny v Invest Bank PSC [2025] UKSC 4

Purkiss v Kennedy [2025] EWCA Civ 268 and [2024] EWHC 1081 (Ch)

Rangers Football Club 2012 Plc (In Liquidation) (formerly Rangers Football Club Plc) v Advocate General for Scotland [2017] UKSC 45

Inland Revenue Commissioners v Duke of Westminster [1936] AC 1

Allen v Hurst & Ors [2022] EWHC 2649 (Ch)

Sayers v Dixon [2025] EWHC 1886 (Ch)

Credit Suisse Virtuoso SICAV-SIF & Anor v SoftBank & Ors [2025] EWHC 2631 (Ch)

Legislation

ss423, 424, 425 Insolvency Act 1986

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