UK Supreme Court Refuses Permission to Appeal in Preference Claim Arising From Liquidation of Comet: Key Takeaways for M&A Deals

The team at Sidley reports that the UK Supreme Court has refused permission to appeal the October 2023 judgment of the English Court of Appeal relating to the £120 million preference claim in the Comet proceedings and explain how the courts might in the future approach preference claims in the context of complex distressed M&A transactions as a result.

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