Financial position and solvency not anchored to unaccepted sale price
![Financial position and solvency not anchored to unaccepted sale price Financial position and solvency not anchored to unaccepted sale price](https://www.lexology.com/images/share/lexology-social-media.png)
In this week’s TGIF, we consider the Court of Appeal’s decision in Anchorage Capital Master Offshore Ltd v Sparkes [2023] NSWCA 88 and the challenges faced by lenders in accepting representations as to solvency and the financial position of borrowers. Key takeaways It is increasingly difficult to satisfy courts that a company is insolvent because … [Read more…]