What amounts to "dispositions without value" in the context of section 26 of the Insolvency Act 24 of 1936?

Section 26 of the Insolvency Act 24 1936 aims to prevent natural and juristic persons from giving away their assets without receiving any value in return, circumstances where immediately after releasing such they become insolvent. This paper demonstrates that it has not been easy for courts adequately determine how should be established this provision apply. Several tests have by are discussed with a view demonstrate difficulty faced trustees liquidators when seeking set aside transactions which believe insolvent did derive value. It will also shown Supreme Court Appeal crafted new test is way too simplistic, may lead prejudicial otherwise subjected judicial scrutiny terms section 26(1) being protected reach provision. argues there an urgent need legislative guidelines on what constitutes relation pre-liquidation/sequestration application Act.