Application of Eurosail to determine the solvency of a company

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Application of Eurosail to determine the solvency of a company for the purposes of challenging payments as transactions at an undervalue - .PDF file.

When applying the Supreme Court’s judgment in Eurosail to determine the solvency of a company, the court will focus clearly on the debts that are due or will fall due in the reasonably near future when applying section 123(1)(e) of the Insolvency Act 1986 and which debts are future debts to be brought into account under section 123(2) of the 1986 act…

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