Greg Sanders

Commercial Court success for Greg Sanders in Liquidators of Grampian Maclennan’s Distribution Services [2017] CSOH8

janemorrison News

Greg successfully defended a liquidator’s claim that a property purchase transaction pre liquidation was a gratuitous alienation in terms of section 242(4) of the Insolvency Act 1986. The court held that the price paid in a “distress sale” was adequate but neverthless held that the action was necessary as at the start of the proof the full agreed purchase price had not been paid as contracted.

Click here to read the judgement.