Belmont Park Investments Pty v BNY Corporate Trustee Services Ltd [2011] UKSC 38; [2011] WLR (D) 260
“The policy behind the anti-deprivation rule in insolvency law, that parties could not, on bankruptcy, deprive the bankrupt of property which would otherwise be available for creditors, was to be given a commonsense application which prevented its application to bona fide commercial transactions which did not have as their predominant purpose the deprivation of the property of one of the parties on bankruptcy.”
WLR Daily, 27th July 2011
Source: www.iclr.co.uk
