Cohen v Co-Operative Group Limited – £478m transaction at an undervalue/preference claim fails

Alan Bennett, Andy Stirk, Fintan Wolohan and Harry Wells of Womble Bond Dickinson dissect the High Court’s dismissal of £478 million transaction-at-an-undervalue and preference claims arising from a Co-operative Group restructuring, highlighting the distinct treatment of registered societies, the importance of framing the challenged transaction and the continuing difficulty of proving a desire to prefer.

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