The Weekly Law Reports
[2011] 1 WLR 1200
Chancery Division
*BNY Corporate Trustee Services Ltd v Eurosail-UK 2007-3BL plc and others
[2010] EWHC 2005 (Ch)
2010 July 20,
21;
30
Sir Andrew Morritt C
Insolvency— Winding up— Company’s debts— Deemed inability to pay debts where company’s assets exceeded by liabilities “taking 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 unable to pay debts—
Insolvency Act 1986 (c 45), s 123(2)