http://www.legislation.gov.uk/id/ukpga/1986/45/schedule/11/part/II

http://www.legislation.gov.uk/ukpga/1986/45/schedule/11/part/II/crossheading/setting-aside-of-preferences-and-other-transactions

Insolvency Act 1986

An Act to consolidate the enactments relating to company insolvency and winding up (including the winding up of companies that are not insolvent, and of unregistered companies); enactments relating to the insolvency and bankruptcy of individuals; and other enactments bearing on those two subject matters, including the functions and qualification of insolvency practitioners, the public administration of insolvency, the penalisation and redress of malpractice and wrongdoing, and the avoidance of certain transactions at an undervalue

1986-07-25

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Regulations

SCHEDULES

SCHEDULE 11 Transitional Provisions and Savings

Part II Individual Insolvency

Setting aside of preferences and other transactions

17

1

A performance given, assignment made or other transaction entered into before the appointed day shall not be set aside under any of sections 339 to 344 of this Act except to the extent that it could have been set aside under the law in force immediately before that day.

2

References in sub-paragraph (1) to setting aside a preference, assignment or other transaction include the making of any order which varies or reverses any effect of a preference, assignment or other transaction.