Re Cheyne Finance plc
| Re Cheyne Finance plc | |
|---|---|
_(St_Edwards_Crown).svg) | |
| Court | High Court |
| Citations | [2007] EWHC 2402 (Ch), [2008] BCC 182, [2008] 1 BCLC 741, [2008] Bus LR 1562, [2008] 2 All ER 987 |
| Court membership | |
| Judge sitting | Briggs J |
| Keywords | |
| Cash flow test | |
Re Cheyne Finance plc [2008] EWHC 2402 (Ch), [2008] BCC 182 is a UK insolvency law case, concerning the definition of insolvency under the cash flow test.
Facts
[edit]Cheyne Finance plc had built a number of structured investment vehicles.
Judgment
[edit]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.