The WLR Daily case summaries
[2024] WLR(D) 216
Chancery Division
Purkiss v Kennedy
[2024] EWHC 1081 (Ch)
2024 April 17, 18; May 8
Rajah J
Insolvency— Adjustment of prior transactions — Transactions at undervalue or preferences— Company operating scheme intended to enable participants to avoid tax and national insurance contributions— Company left with substantial liability to revenue following failure of scheme— Whether scheme composite transaction at undervalue with purpose of prejudicing revenue’s interest in current or future claim against company—
Insolvency Act 1986 (c 45), s 423