We helped a group of companies defend claims against them for a) undervalued transactions, and b) preference payments totalling £2.4 million. These claims had been brought by a company in administration.
The claims centred around repayments made to our clients from the claimant company (prior to its administration) following ongoing lending made to the claimant company. They involved complex areas of insolvency law and required tracing of monies lent/repaid over several loans and several years. We successfully reached settlement terms.