Nortel ruling will harm all creditors

Jenna Towler
clock

The Court of Appeal ruling in the Nortel/Lehman case means ordinary workers could see redundancy and notice pay extinguished by a pension scheme ‘super creditor', a lawyer says.

The judgment - released on Friday - followed the High Court's position that a financial support direction or contribution notice issued by The Pensions Regulator is an expense of the administration...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Join now

 

Already a Professional Pensions
member?

Login

More on Regulation

ACA calls for 'pragmatic and successful' DB surplus release regime

ACA calls for 'pragmatic and successful' DB surplus release regime

Chair Stewart Hastie praises minister’s recent commitment to reforms

Jasmine Urquhart
clock 06 May 2025 • 1 min read
Most support TPR's move to extend oversight to professional trustee firms

Most support TPR's move to extend oversight to professional trustee firms

However concern over possible regulatory ‘overreach’ and ‘mission-creep’

Jasmine Urquhart
clock 15 April 2025 • 2 min read
Sole trustees using general code as chance to boost innovation

Sole trustees using general code as chance to boost innovation

Hymans Robertson says most say the code 'raised the bar' of governance

Jasmine Urquhart
clock 14 April 2025 • 2 min read
Trustpilot