Paul Delaney v Mrs Can Chen and Mr An Xiang Du [electronic resource]
Paul Delaney v Mrs Can Chen and Mr An Xiang Du [electronic resource]
- 2010
[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.
DELANEY V CHEN AND ANOR
England and Wales--1543-
[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.
DELANEY V CHEN AND ANOR
England and Wales--1543-