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1. As is well known to all practitioners of insolvency, lawyers and accountants alike, s 127(1) of the Insolvency Act 1986 provides:
‘[Dispositions etc. void after commencement of winding-up]. In a winding-up by the court, any disposition of the company's property made after the commencement of the winding up is, unless the court otherwise orders, void."
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