The WLR Daily case summaries
[2011] WLR (D) 73
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, s 123(2)