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Results: 1-10 of 307

Enhancing lender priority over pension deficiencies in Canada in the post Indalex era - more guidance from the courts

  • Baker & McKenzie
  • -
  • Canada
  • -
  • March 27 2014

By mid-2013, defined benefit pension plan deficiencies had reached $400 billion in Canada. While the uptick in stock prices and interest rates has

Court of Appeal rules approves partial buy-out mechanism enabling trustees to maximize section 75 debt

  • Baker & McKenzie
  • -
  • United Kingdom
  • -
  • March 26 2014

The Court of Appeal has ruled that the trustees of two occupational defined benefit (DB) schemes can use a particular mechanism, known as a Headway

Financial services update March 24 2014 judicial developments

  • Winston & Strawn LLP
  • -
  • USA
  • -
  • March 24 2014

On March 19th, a divided panel of the Eighth Circuit holds that "float," contributions by ERISA plan participants to their retirement plan awaiting

Social Welfare and Pensions (No. 2) Act 2013

  • Matheson
  • -
  • Ireland
  • -
  • February 25 2014

The Act provides for both a single insolvency priority order for underfunded schemes where the employer is solvent at the date of wind-up and a double

Pension priorities in Canada: an update for lenders

  • Bennett Jones LLP
  • -
  • Canada
  • -
  • February 25 2014

Financiers and lenders to Canadian companies have become increasingly concerned about potential priorities of pension claims in Canada over the past

Ireland: trustees’ duties come under the spotlight in the Element Six case

  • William Fry
  • -
  • Ireland
  • -
  • January 16 2014

124 members of the Element Six pension scheme are suing the trustees of the scheme in the Commercial Court for alleged breach of duty arising out of

The Eleventh Circuit clarifies the liability for a bankrupt company’s pension benefits

  • Smith Gambrell & Russell LLP
  • -
  • USA
  • -
  • January 7 2014

In Durango-Georgia Paper Co. v. H. G. Estate, LLC, Case No. 11-15079 (decided January 7, 2014), the Eleventh Circuit addressed what it defined as a

Claim for post-bankruptcy pension benefits rejected following “free and clear” purchase of assets

  • Hodgson Russ LLP
  • -
  • USA
  • -
  • December 20 2013

A group of retired employees filed a class-action law suit claiming loss of certain retirement benefits. The employees worked for SPX Corporation

When is a total deficit not a total deficit? Another turn of events for pension contributions

  • Reed Smith LLP
  • -
  • United Kingdom
  • -
  • December 20 2013

On 18 December 2013, judgment of the High Court in England and Wales was handed down in a case relating to the insolvency of Lehman Brothers

New developments regarding pension plans: relief measures extended and the passing of Bill 39 on Voluntary Retirement Savings Plans Act

  • Lavery de Billy LLP
  • -
  • Canada
  • -
  • December 19 2013

On November 27, 2013, the Government of Québec published the Regulation Providing New Relief Measures for the Funding of Solvency Deficiencies of