A Canadian judge has rejected attempts by trustees of the Nortel pension scheme to claim more than £1bn from the scheme sponsor's insolvent parent company.
Justice Newbould of the Ontario Superior Court of Justice turned down claims relating to a potential financial support direction (FSD) from The Pensions Regulator (TPR) and intra-company guarantees...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date