September 2, 2025
El-Husseiny v Invest Bank PSC [2025] UKSC 4 (19 February 2025)
The Bank sought to enforce Abu Dhabi judgments against Mr El-Husseini by claiming under section 423 of the Insolvency Act 1986 that he arranged for a company he owned to transfer valuable London property to his son for no consideration. The Supreme Court held that section 423 does not require the debtor to transfer his own property; arrangements depleting assets through company transfers can fall within the provision. Facts Invest Bank PSC obtained judgments in Abu Dhabi against Mr El-Husseini for approximately £20 million arising from personal guarantees. The Bank sought to enforce these judgments in England and identified valuable
