Caveat emptor: Clarity for statutory gratuitous alienations in Scotland

Research output: Contribution to journalArticlepeer-review

Abstract

Discusses MacDonald v Carnbroe Estates Ltd (SC), which clarified key elements of gratuitous alienation. Reviews the court's analysis of the defences to such alienation, specifically that of adequate consideration for a transfer of assets, and the comparable position for transactions at an undervalue in English law. Outlines the guidance on the remedies available, and the case's implications for purchasers of assets from distressed companies.
Original languageEnglish
Pages (from-to)363-371
Number of pages8
JournalInternational Company and Commercial Law Review
Volume31
Issue number6
Publication statusPublished - 30 Jun 2020

Keywords

  • comparative law
  • consideration
  • corporate insolvency
  • disposition of property
  • gratuitous alienations
  • remedies
  • Scotland
  • transactions at an undervalue

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