“… its winding up. That case eventually foundered when the Supreme Court held in judgments given on 1 February 2017 (Akers v Samba Financial Group [2017] UKSC 6, [2017] AC 424) that “for the purposes of section 127 of the Insolvency Act 1986 there was no disposition of any rights of SICL in relation to the shares by virtue of their t…”
“…le Trustees Limited (Morrisintervening) [2012] EWCA Civ 195, [2013] Ch 91, at [106], approved by Lord Mance JSC in Akers v Samba Financial Group [2017] UKSC 6, [2017] AC 424, at [51] to [52]. Thus, property which is transferred to or in respect of a pension scheme member in breach of trust is always potentially liable to end up in …”