Tag: Section 239 Preference

Hourglass and scales of justice representing the limitation period for liquidator claims after THG v Zedra

Can a Liquidator Sue After Six Years? THG v Zedra Explained

On 25 February 2026 the Supreme Court held in THG v Zedra that unfair prejudice petitions have no statutory limitation period. The majority also said the six-year rule for section 238, 239 and 423 claims was wrongly decided. We explain what this means for directors facing liquidator claims and the defences that remain.