Nortel: The impact of the Supreme Court ruling

Jack Jones looks at the three options that were open to the Supreme Court

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The Supreme Court ruling on the Nortel case - which is set to be published tomorrow - should bring certainty to how The Pensions Regulator (TPR) can exercise its moral hazard powers in insolvencies.

The court has three options: to class financial support directions (FSD) issued by TPR's determinations panel as an expense of the administration; to treat them as provable debt; or the colourfully...

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