Speak to our friendly staff directly  +44 (0)20 7242 2523

A leading set specialising in commercial, construction, insurance and property law

Insights
This document is from our archive and no action should be taken in reliance on it without specific legal advice.

Property Law - Griffin v Awoderu and others

Area(s) of Law :
Banking, Finance & Credit Law
Commercial Law
Insolvency, Partnership & Company Law
Property Law
Court : Chancery Division
Source : [2008] All ER (D) 140 (Jan)

Case Summary By :
Sara Benbow

Insolvency Act 1986 s.423 - Transaction at undervalue - Transaction for prohibited purpose – No requirement of insolvency to invoke section - Claimant lending First Defendant funds for purchase of property - First Defendant subsequently encountering financial difficulties - First Defendant twice exchanging contracts for sale of property to Second Defendant immediately prior to execution of possession orders against property - Sale to Second Defendant never taking effect - First Defendant subsequently purporting to sell property to Third Defendant in breach of freezing orders - Whether sale being transaction at undervalue.

 

 

Put the main content here.