The High Court ruling granting trustees ‘super priority' in obligations arising from a financial support direction against insolvent companies "desperately cries out for legislative intervention", lawyers say.
Lawyers said last week's High Court victory by The Pensions Regulator against Nortel Networks and Lehman Brothers administrators highlighted a policy clash between pensions law and insolvency law. ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
