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A trustee in bankruptcy’s charter?

  • Gateley
  • -
  • United Kingdom
  • -
  • November 4 2014

This week we revisit the ramifications of a landmark personal insolvency case in the context of the equally ground breaking 2014 Budget which

The future for pensions in bankruptcy

  • Mills & Reeve LLP
  • -
  • United Kingdom
  • -
  • November 4 2014

In March the Government announced new pension reforms. From April 2015 pensioners reaching 55 years will be entitled to draw down their entire

Despite earlier ruling, Stockton Judge confirms plan leaving pension obligations intact

  • Kelley Drye & Warren LLP
  • -
  • USA
  • -
  • November 6 2014

One month ago, Judge Christopher Klein ruled in the city of Stockton, CA bankruptcy case that public employee pension obligations can be impaired in

Settlement reached in Lehman Brothers financial support direction case

  • Norton Rose Fulbright LLP
  • -
  • United Kingdom
  • -
  • August 28 2014

Again, of interest to all schemes providing defined benefits is the recent settlement in the litigation involving the Lehman Brothers Scheme, where

Insolvency in the charities world the pension scourge

  • Mills & Reeve LLP
  • -
  • United Kingdom
  • -
  • November 4 2014

Pension deficits are by no means the only concern for charities, but they present a severe headache. There are over 180,000 charities registered in

Protect your estate from beneficiary bankruptcy: lessons from Clark v. Rameker

  • Ryley Carlock & Applewhite
  • -
  • USA
  • -
  • September 16 2014

In the preparation of a comprehensive estate plan for a client, an attorney must consider the size of the estate, the manner in which assets are

Stockton Judge: pension obligations are not impervious to impairment in Chapter 9 bankruptcy. What comes next?

  • Kelley Drye & Warren LLP
  • -
  • USA
  • -
  • October 16 2014

The perception that public employee pension obligations cannot be impaired in bankruptcy suffered a damaging blow several months ago in the City of

Second Circuit decision results in significant nondischargeable debt as a result of new PBGC claims arising from pension plan termination in Chapter 11

  • Squire Patton Boggs
  • -
  • USA
  • -
  • August 26 2009

During the bankruptcy cycle following the recession of 2001, numerous debtors notably airlines such as US Airways and United Air Lines, Inc. undertook “distress terminations” of their ERISA-qualified defined benefit pension plans, which are insured by the Pension Benefit Guaranty Corporation (PBGC

New concerns for bondholders, lenders and other creditors following SCC’s Indalex decision

  • Bennett Jones LLP
  • -
  • Canada
  • -
  • February 12 2013

On February 1, 2013, the Supreme Court of Canada (SCC) released its much-awaited decision in the Indalex case. While the central issue in Indalex

Update on DIP financing and priority charges

  • Blake Cassels & Graydon LLP
  • -
  • Canada
  • -
  • December 6 2012

On June 5, 2012, the Supreme Court of Canada heard the appeal from the Court of Appeal for Ontario’s decision in Re Indalex