In this briefing, David Webster discusses the recent High Court judgment Re Algrave Ltd v Safe Solutions International Ltd. The case highlights the need for directors of insolvent companies to take care when considering any transfers of assets out of the insolvent company, particularly to other group companies. What may seem like a neat way of moving assets out of the reach of an administrator can lead to personal liability for directors and an order that the money be repaid.

The dangers of making payments when your company is insolvent - Sep 12.pdf