is a

UK insolvency law United Kingdom insolvency law regulates companies in the United Kingdom which are unable to repay their debts. While UK bankruptcy law concerns the rules for natural persons, the term insolvency is generally used for companies formed under the ...

case, concerning the definition of insolvency under the cash flow test.

Facts

Cheyne Finance plc had built a number of

structured investment vehicle A structured investment vehicle (SIV) is a non-bank financial institution established to earn a credit spread between the longer-term assets held in its portfolio and the shorter-term liabilities it issues. They are simple credit spread lenders, ...

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.

Notes

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References

* United Kingdom insolvency case law 2007 in United Kingdom case law

Facts

Judgment

See also

Notes

References