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Supreme Court Says Businessman Can't Dodge £19M Debt

Gunnar Larson

20 Feb 2025 20 Feb '25
8:43 a.m.

Supreme Court Says Businessman Can't Dodge £19M Debt <https://www.law360.co.uk/financial-services-uk/articles/2299778?nl_pk=9aaa8860-7735-4b56-abff-576e74202fd7&utm_source=newsletter&utm_medium=email&utm_campaign=financial-services-uk&utm_content=2025-02-20&read_main=1&nlsidx=0&nlaidx=1> By Lucia Osborne-Crowley The U.K. Supreme Court ruled Wednesday that a businessman's family cannot avoid a £19 million ($24 million) debt to a UAE bank, finding that insolvency law can prevent a transaction by a company owned by the family because it was intended to put assets beyond the reach of creditors. Read full article » <https://www.law360.co.uk/financial-services-uk/articles/2299778?nl_pk=9aaa8860-7735-4b56-abff-576e74202fd7&utm_source=newsletter&utm_medium=email&utm_campaign=financial-services-uk&utm_content=2025-02-20&read_more=1&nlsidx=0&nlaidx=1> | Save to favorites » <https://www.law360.co.uk/financial-services-uk/articles/2299778?nl_pk=9aaa8860-7735-4b56-abff-576e74202fd7&utm_source=newsletter&utm_medium=email&utm_campaign=financial-services-uk&utm_content=2025-02-20&read_later=1&nlsidx=0&nlaidx=1>

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