Paul Delaney v Mrs Can Chen and Mr An Xiang Du [electronic resource]
Language: English Publication details: 2010Subject(s): Online resources: Summary: [2010] EWCA Civ 6 (CH), 8 January 2010. Case relates to the sale of a house on a sale and lease back basis. CC and AXD were creditors of the sellers, and challenged the sale on the basis that the main purpose of the sale to D was to put assets beyond their reach. It was argued that the sale was a transaction at undervalue. "Held": appeal allowed. Although part of the intention of the sale was to make the property immune from creditors, CC and AXD had not established the requisite undervalue.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Law report | Virtual Online | ONLINE PUBLICATION (Browse shelf(Opens below)) | 1 | Available | 149609-2001 |
[2010] EWCA Civ 6 (CH), 8 January 2010. Case relates to the sale of a house on a sale and lease back basis. CC and AXD were creditors of the sellers, and challenged the sale on the basis that the main purpose of the sale to D was to put assets beyond their reach. It was argued that the sale was a transaction at undervalue. "Held": appeal allowed. Although part of the intention of the sale was to make the property immune from creditors, CC and AXD had not established the requisite undervalue.