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Solvency is not always just liquid

A lot of people tend to focus on the liquidity ratio, when determining whether a company is solvent or not. It’s psychologically very weighty. Liquidity ratio = current assets / current liabilities But this can cloud judgment. Imagine you need to prove the company’s solvency because it is facing a court ordered wind-up, and the…

Tips for briefing experts

If you’re briefing experts in court proceedings, or are in the business of giving expert evidence, two really important cases were handed down in the past month. Collectively the cases run for about 1,400 paragraphs, so I haven’t been able to finish a cash summary for my followers. As I run a busy practice, it may take…