Case: UKSC 2019/0046. BTI 2014 LLC (Appellant) v Sequana SA and others (Respondents)

SUMMARY

Issues: Whether an otherwise lawful dividend may nevertheless in principle be a "transaction defrauding creditors" under section 423 Insolvency Act 1986. Whether the trigger for the directors’ duty to consider creditors is merely a real risk of, as opposed to a probability of or close proximity to, insolvency. Facts:Sequana’s... (see full summary)


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