In the recent case of Global Corporate Ltd v Hale [2018] EWCA Civ 2618 , the Court of Appeal was asked to assess whether sums, described as "interim dividends", paid to Mr Hale in his capacity as both a director and shareholder of Powerstation UK Limited, had been made in accordance with section 830 of the Companies Act 2006 prior to the Company's insolvency.

In doing so, the Court of Appeal's Judgment has provided welcome clarity regarding the regulation of dividend payments to shareholders, and is therefore of interest both to companies seeking to declare dividend payments and insolvency practitioners who are considering whether to challenge the validity of such payments made prior to a company's insolvency.