For identifying whether a declaration of trust in favour of an employees’ pension scheme was preferential, the test was by reference to the trustees collectively. This was so under the section despite the close identity of the trustees with the directors.
Citations:
Times 14-Jan-1999
Statutes:
Insolvency Act 1986 239 435(5)(b)
Jurisdiction:
England and Wales
Insolvency
Updated: 30 November 2022; Ref: scu.82248