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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


Horton v Henry 2014 - High Court contradicts earlier case by ruling bankrupt cannot be required to draw pension to pay creditors
  • Norton Rose Fulbright LLP
  • United Kingdom
  • January 26 2015

Declining to follow a 2012 decision, the High Court has ruled that a bankrupt's unexercised rights to draw his pension did not represent income to


Horton v Henry 2014 pensions and bankruptcy appeal allowed
  • Norton Rose Fulbright LLP
  • United Kingdom
  • February 19 2015

Of general interest is the appeal in the case of Horton v Henry, on which we reported in our January 2015 update. In Horton, the High Court declined


Company debt buy-back
  • Norton Rose Fulbright LLP
  • United Kingdom
  • October 19 2009

On 14 October 2009 the Government announced a major change to the way in which company buy-backs of debt will be taxed


Fixed versus floating charges
  • Norton Rose Fulbright LLP
  • United Kingdom
  • May 2 2014

They give a lender a higher position in the queue for the net proceeds of a borrower's assets in the event of a borrower's insolvency. Fixed and


Wider implications referral: Lehman-backed structured products
  • Norton Rose Fulbright LLP
  • United Kingdom
  • May 18 2009

The FSA has published a statement entitled Wider implications referral: Lehman-backed structured products


The Insolvency (Scotland) Amendment (No. 2) Rules 2009
  • Norton Rose Fulbright LLP
  • United Kingdom
  • September 14 2009

The Office of Public Sector Information (OPSI) has published The Insolvency (Scotland) Amendment (No. 2) Rules 2009


PPF consults on proposed changes to the calculation of the risk-based levy
  • Norton Rose Fulbright LLP
  • United Kingdom
  • November 26 2009

On 9 November, the PPF published proposals for the 201112 pension protection levy year which aim to improve the way the insolvency risk for sponsoring employers is assessed


Further update on Keydata Investment Services Limited
  • Norton Rose Fulbright LLP
  • United Kingdom
  • November 30 2009

The FSA has released a further update on Keydata Investment Services Limited


Insolvency in property
  • Norton Rose Fulbright LLP
  • United Kingdom
  • October 2 2009

The property industry has seen a dramatic decline in capital values over the last two years with peak-to-trough falls of approximately 44 per cent compared to a peak-to-trough decline of approximately 27 per cent during the recession of the early 1990s