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DTSTAMP:20260405T174753Z
DTSTART:20241206T083000Z
DTEND:20241206T093000Z
SUMMARY:Session seven: Leveraging insolvency tools in the fight against m
 ulti-jurisdictional fraud and achieving cross border recoveries  
DESCRIPTION:In May 2024\, the UK Supreme Court considered\, in Invest Ban
 k v El-Husseiny\,  whether the Court of Appeal reached the right decisio
 n in finding that where a debtor causes a company that he owns and contr
 ols to transfer assets in an attempt to frustrate enforcement action\, t
 hose transfers can be challenged as transactions at an undervalue under 
 section 423 of the UK Insolvency Act (which the UK courts have confirmed
  may have extraterritorial effect). This panel will discuss:\n\n\n	the u
 se of section 423 as a helpful cross-border fraud fighting tool\;\n	othe
 r countries’ approaches to transactions at undervalue\; and\n	other mean
 s to getting around separate legal personality arguments behind which fr
 audsters all too often hide.\n\n
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