might be way off on this but here goes:

Eurosail: past the point of no return - Lexology
https://www.lexology.com › library › detail
May 10, 2013 — Second, balance sheet insolvency is more complex than the point of no return test and includes a proper assessment of assets and liabilities.

Balance sheet test for insolvency is not a "point of no return ...
https://uk.practicallaw.thomsonreuters.com › ...
May 9, 2013 — ... of the Insolvency Act 1986 should not be regarded as involving a test as to whether a company had genuinely reached the point of no return.

Supreme Court clarifies balance sheet insolvency test
https://www.linklaters.com › publications › may › supre...
May 13, 2013 — Lord Neuberger's description in the Court of Appeal of s123(2) being a “point of no return” test “should not pass into common usage as a ...

The final word on balance sheet insolvency: Eurosail in the ...
https://www.burges-salmon.com › open-access › t...
PDF
It has debunked the “point of no return” test formulated by the Court of Appeal and has introduced an element of common sense when considering balance sheet ...

Past the point of no return ... - Bryan Cave Leighton Paisner
https://www.bclplaw.com › en-US › insights › past-the-po
April 1, 2011 — court adopted a 'point of no return' approach, which asks whether, looking at the Company's assets and making proper allowance for its prospective and contingent liabilities, it can not reasonably be expected to meet those liabilities.

Past the point of no return? - Browne Jacobson LLP
https://www.brownejacobson.com › resources › 2011/06
Jun 10, 2011 — The Court held that in order to be balance sheet insolvent, the company must have reached the point of no return. This was not defined but Lord ...

TAKING BALANCE-SHEET INSOLVENCY BEYOND ... - JSTOR
https://www.jstor.org › stable
W Day · 2013 · — TAKING BALANCE-SHEET INSOLVENCY BEYOND THE POINT OF NO RETURN. THE Insolvency Act 1986 deems a company to be unable to pay its.

Eurosail Supreme Court Judgment: Delineating the ...
https://www.jonesday.com › insights › 2013/07 › euros...
... that a debtor can be insolvent only after it has reached the “point of no return. ... first reported cases to interpret the balance-sheet test of insolvency—namely, ...

--------------------------------------------------
Note added at 17 hrs (2021-06-04 11:04:06 GMT)
--------------------------------------------------

@Charlesp

Glad to have been of help!