Nortel mediation collapse leaves UK scheme empty-handed
The Trustee of the Nortel Networks UK Pension Plan and the Pension Protection Fund have been left empty-handed after an international mediation failed to settle the dispute over the assets of collapsed telecoms giant Nortel Networks Corporation.
Representatives from the UK pension scheme and the Pension Protection Fund travelled to Canada two weeks ago in a bid to secure more than $2bn (£1.3bn) from an international mediation (PP Online 14 November...
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Is mediation set to become the new normal for pension disputes?
Mediation has been under-utilised historically as a means of dispute resolution in this area. Mark Blyth and Geoff Egerton think this is going to change.
