Judge sitting Michael Briggs | ||
 | ||
Citation(s) [2007] EWHC 2402 (Ch), [2008] BCC 182, [2008] 1 BCLC 741, [2008] Bus LR 1562, [2008] 2 All ER 987 | ||
Re Cheyne Finance plc [2008] EWHC 2402, [2008] BCC 182 is a UK insolvency law case, concerning the definition of insolvency under the cash flow test.
Contents
Facts
Cheyne Finance plc had set up a number of structured investment vehicles.
Judgment
Briggs J held that a court could take into account debts that would become payable in the near future, and perhaps further ahead, and whether paying those debts was likely.
References
Re Cheyne Finance plc Wikipedia(Text) CC BY-SA