- transactions at an undervalue
An administrator or liquidator may apply to the court for an order avoiding any transactions made at a significant undervalue in the two years before the administration or liquidation if the company was then (or as a result of the transaction became) unable to pay its debts as they fell due (section 238, Insolvency Act 1986).
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
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