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Posts tagged with "balance-sheet"

Clarification at last for the ‘Balance Sheet Insolvency Test’

May 15 2013

The recent case of BNY Corporate Trustee Services Limited v Eurosail UK 2007-3BL PLC [2013] UKSC 28 (“Eurosail”) is of significant importance as it was the first time the Court of Appeal and the Supreme Court have had to analyse the meaning   Read More…

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The balance sheet test of insolvency – New guidance

July 22 2011

The Court of Appeal’s (CoA) recent judgment in BNY Corporate Trustee Services v Eurosail & Ors (2011) provides important guidance on the interpretation of the “balance sheet test” of insolvency set out in Section 123(2) of the Insolvency Act 1986. That section,   Read More…

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