Re Cheyne Finance plc
| Re Cheyne Finance plc | |
|---|---|
| Court | Court of Appeal |
| Citation(s) | [2008] BCC 182, [2007] All ER (D) 25 |
| Keywords | |
| Cash flow test | |
Re Cheyne Finance plc [2008] BCC 182 is a UK insolvency law case, concerning the definition of insolvency under the cash flow test.
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.
See also
- UK insolvency law