The WLR Daily case summaries
[2010] WLR (D) 223
INSOLVENCY— Winding up— Company’s debts— Inability to pay debts— Requirement to “[take] into account its contingent and prospective liabilities”— Whether prospective liabilities to be taken into account at face value irrespective of maturity date or rate of interest payable in meantime— Whether company deemed to be insolvent because amount of liabilities exceeding value of assets— Insolvency Act 1986, s 123(2)