Is a limited recourse agreement no longer an effective weapon against winding-up? – 11 Stone Buildings
‘This article questions the decision in ARM Asset-Backed Securities S.A. [2013] EWHC 3351 CH which found that a company was insolvent despite a contractual limited recourse provision which provided that the company was not liable to pay its bondholders more than its available funds.’
11 Stone Buildings, February 2014
Source: www.11sb.com

