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Email The Court of Appeal has overturned the decision of the High Court in Carton-Kelly v Darty Holdings SAS, providing welcome clarity for directors of distressed companies when considering whether to make payments when a company’s solvency is called into question. https://www.cadwalader.com/resources/clients-friends-memos/comet-the-court-of-appeal-provides-timely-guidance-regarding-unlawful-preferences