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Insolvency Law

Expert guidance on all aspects of corporate and personal insolvency

09 MAR 2012

S 127/284 – liability of professional advisers

Introduction

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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