04 OCT 2011
Winning - not what it used to be
- Most insolvency practitioners, whether solicitors or accountants, consider undervalue claims as an obvious and well established part of their armoury for attacking antecedent transactions. However, as soon as the word ‘obvious’ crops up it is worth remembering what R Buckminster Fuller (an American designer and architect, and something of a polymath, who died shortly before the Insolvency Act 1986 came into existence) had to say: “Everything you've learned in school as 'obvious' becomes less and less obvious as you begin to study the universe. For example, there are no solids in the universe. There's not even a suggestion of a solid. There are no absolute continuums. There are no surfaces. There are no straight lines.”
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