Reviewable transactions in corporate insolvency

Resource type: Practice note

Status: Maintained

Jurisdictions: England, Wales

A guide to the procedures under UK corporate insolvency law to enable the adjustment of antecedent transactions and the protection of the insolvent company's assets for the benefit of its creditors. This note covers disclaimer, transactions at undervalue, preferences, extortionate credit transactions, invalid floating charges, transactions defrauding creditors, contribution by past shareholders and directors, and common law rules.

PLC Restructuring & Insolvency

Register for free access

To access this resource and thousands more, register for a free, no-obligation trial of Practical Law. Register using the button below, telephone +44 (0)20 7202 1220 or e-mail info@practicallaw.com.

A free trial will give you:

✔	Unlimited access to Practical Law online know-how
✔	Thousands of market standard documents and clauses
✔	Daily alerts and weekly update e-mails on key legal developments in your practice area
	Register

Log in

To access this resource, log in below or register for free access.

Contact us

Our customer services team are available every working day 8.30am to 7pm (GMT).

Actions

Resource information

Show resource details Hide resource details

Resource ID: 5-107-3979
Products: IP&IT, PLC UK Commercial, PLC UK Construction, PLC UK Corporate, PLC UK Dispute Resolution, PLC UK Finance, PLC UK Law Department, PLC UK Property, PLC UK Public Sector, PLC UK Restructuring and Insolvency
This resource is maintained, meaning that we monitor developments on a regular basis and update it as soon as possible.

Ask a question

Related content

Related content

Topics

General CommercialGeneral Commercial (http://crossborder.practicallaw.com/7-379-8563)
Insolvency: Land and BuildingsInsolvency: Land and Buildings (http://crossborder.practicallaw.com/1-103-1316)
Restructuring and InsolvencyRestructuring and Insolvency (http://crossborder.practicallaw.com/9-103-2072)
Reviewable TransactionsReviewable Transactions (http://crossborder.practicallaw.com/6-103-1267)
Structured FinanceStructured Finance (http://crossborder.practicallaw.com/8-103-1105)
Substantive LawSubstantive Law (http://crossborder.practicallaw.com/6-204-9134)

Practice note: overview

Administration Administration (http://uk.practicallaw.com/topic3-107-3975)
Corporate insolvency: a guide Corporate insolvency: a guide (http://uk.practicallaw.com/topic8-107-3973)
Intra-group reorganisations: overview Intra-group reorganisations: overview (http://uk.practicallaw.com/topic1-201-3340)

Practice notes

Creditors of companies in financial difficulty or insolvency: top 10 FAQs Creditors of companies in financial difficulty or insolvency: top 10 FAQs (http://uk.practicallaw.com/topic3-385-2694)
Insolvent LLPs: reviewable transactions and liability of members Insolvent LLPs: reviewable transactions and liability of members (http://uk.practicallaw.com/topic7-508-1021)
Liquidator's powers Liquidator's powers (http://uk.practicallaw.com/topic7-107-3983)
Liquidator's sanction to pursue reviewable transaction claims Liquidator's sanction to pursue reviewable transaction claims (http://uk.practicallaw.com/topic3-516-7408)
Litigation by insolvent companies: issues to consider before starting a claim Litigation by insolvent companies: issues to consider before starting a claim (http://uk.practicallaw.com/topic9-520-4950)
Mortgages and charges over land Mortgages and charges over land (http://uk.practicallaw.com/topic2-107-4640)
Residential sale contracts: notices to complete Residential sale contracts: notices to complete (http://uk.practicallaw.com/topic2-384-8749)
Reviewable transactions in insolvency: a quick guide Reviewable transactions in insolvency: a quick guide (http://uk.practicallaw.com/topic0-386-5358)

Glossary

Connected person Connected person (http://uk.practicallaw.com/topic9-107-5981)
Extortionate credit bargain Extortionate credit bargain (http://uk.practicallaw.com/topic0-107-6598)
Floating charge Floating charge (http://uk.practicallaw.com/topic0-107-5773)
Pari passu Pari passu (http://uk.practicallaw.com/topic1-384-6152)
Preference Preference (http://uk.practicallaw.com/topic9-107-7027)
Surety Surety (http://uk.practicallaw.com/topic4-202-2767)
Transactions at an undervalue Transactions at an undervalue (http://uk.practicallaw.com/topic7-107-7405)
Voidable preference Voidable preference (http://uk.practicallaw.com/topic1-107-7489)

Article: other

Doing business in a recession: are you fighting fit? Doing business in a recession: are you fighting fit? (http://uk.practicallaw.com/topic8-385-5020)

Legal update: archive

Court of Appeal upholds liquidator's decision to settle litigation in face of creditor opposition Court of Appeal upholds liquidator's decision to settle litigation in face of creditor opposition (http://uk.practicallaw.com/topic6-504-7645)

Legal update: case report

Football creditor rule does not breach anti-deprivation rule (High Court) Football creditor rule does not breach anti-deprivation rule (High Court) (http://uk.practicallaw.com/topic6-519-7220)
Section 2(a)(iii) ISDA Master Agreement: Court of Appeal judgment on four appeals Section 2(a)(iii) ISDA Master Agreement: Court of Appeal judgment on four appeals (http://uk.practicallaw.com/topic0-518-7969)
Supreme Court's Perpetual Trustee judgment expected on 27 July 2011 Supreme Court's Perpetual Trustee judgment expected on 27 July 2011 (http://uk.practicallaw.com/topic3-506-9894)
US decision in Perpetual case creates a cross-border conflict US decision in Perpetual case creates a cross-border conflict (http://uk.practicallaw.com/topic1-501-3756)

{ "siteName" : "PLC", "objType" : "PLC_Doc_C", "objID" : "1247243051708", "objName" : "Reviewable transactions in corporate insolvency", "userID" : "2", "objUrl" : "http://uk.practicallaw.com/cs/Satellite/5-107-3979?q=&qp=&qo=&qe=", "pageType" : "", "contentAccessed" : "false", "analyticsPermCookie" : "2-12b281d6:13ec7c8410c:-41", "analyticsSessionCookie" : "2-12b281d6:13ec7c8410c:-40", "statisticSensorPath" : "http://analytics.practicallaw.com/sensor/statistic" }