Paulian action: a claim by a creditor against a third party to rescind any transfer of property made to the third party by the debtor done to frustrate enforcement of the creditor's debt.

The term comes from the Roman law jurist Julius Paulus (approx. 250 AD) who, according to Roman law legend, was the first to articulate the theory of a claim against third parties to whom the insolvent debtor had transferred assets to conceal or to otherwise frustrate his creditor.

In a Paulian action, the defrauded creditor seeks to leapfrogs over the fraudulent transaction and seeks to have the transaction reversed by the court.

http://www.bankingwords.com/Paulian Action