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Legal Update

Eurosail - The Point of No Return: The Final Chapter

10 May 2013
Mayer Brown Legal Update
Nearly three years after the High Court decision on the case of BNY Corporate Trustee Services Ltd v Eurosail UK 2007 – 3BL PLC and others was handed down, the case has run its course in the Supreme Court. The case, which considers the correct interpretation of the balance-sheet insolvency test in section 123(2) of the Insolvency Act 1986, is of importance to insolvency practitioners, financial institutions, legal advisers, company directors and companies.


  • Devi Shah
    T +44 20 3130 3669
  • David Allen
    T +44 20 3130 3813
  • Ian McDonald
    T +44 20 3130 3856

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