Organise the evidence for an urgent solvency review
Key facts
- Human involvement
- RedLawyer-led
- How AI is used
- Create a dated evidence index of cash, overdue debts, commitments and forecasts; flag missing or inconsistent records without issuing a solvency conclusion.
- What the lawyer must review
- Assess the financial position and legal consequences with specialist input
- Separate reliable current information from forecasts or management assurances
- Written for / version
- Written for Australia
Who does what
| Role | What they do |
|---|---|
| Assistance | Supporting preparation only. Potential support includes extracting and organising information and identifying points for review. Confirm the tool’s capability and permitted scope. Substantive advice, judgement and any restricted content remain with the responsible human. |
| Lawyer | Perform the substantive analysis and decisions. Independently check any permitted supporting work and approve the exact output for its intended use. |
Checklist
- Trace every relied-on figure to its source, confirm dates and assumptions, and independently recalculate totals or derived amounts.
- Check the specialist’s assumptions, qualifications and limits. Obtain the relevant expert or specialist review before relying on a technical conclusion.
- Verify the applicable jurisdiction and the version of each relevant law, rule or instrument in force at the material time.
- Confirm the output against the client’s instructions and the complete relevant source material, including omissions or contradictions.
- Resolve exceptions and record the responsible lawyer’s approval of the exact output and intended use.