Re Cheyne Finance plc

Re Cheyne Finance plc
Court	High Court
Citation(s)	[2007] EWHC 2402 (Ch), [2008] BCC 182, [2008] 1 BCLC 741, [2008] Bus LR 1562, [2008] 2 All ER 987
Court membership
Judge(s) 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

Cheyne Finance plc had set up a number of structured investment vehicles.

Judgment

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.

See also

• UK insolvency law