The practical impact of the Supreme Court’s decision in Re Nortel and Re Lehman
In this follow-up client briefing, we consider the practical consequences of the Supreme Court’s recent decision that liabilities imposed by the Pensions Regulator will, whenever they arise, rank as unsecured claims rather than as prior ranking administration or liquidation expenses. In particular, we consider the wider pensions, insolvency and general commercial implications of this important decision.
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A copy of our earlier client alert can be read here.Download entire issue (as pdf)