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Historic trial and landmark decision in allocation of Nortel estate: significant victory for Nortel pensioners whose benefits were at risk
  • Blake Cassels & Graydon LLP
  • Canada
  • May 15 2015

On May 12, 2015, the Ontario Superior Court of Justice and U.S. Bankruptcy Court delivered an unprecedented joint ruling in

When the pension is not protected by the protection fund
  • Squire Patton Boggs
  • United Kingdom
  • May 7 2015

In the United Kingdom, the Pension Protection Fund ("PPF") is the safety net for the employee members of a defined benefit pension plan or scheme

Supreme Court decides Olympic Airlines did not have an establishment in the UK
  • Taylor Wessing
  • United Kingdom
  • May 6 2015

An "establishment" requires business and business activity to be carried out involving dealings with third parties and not simply acts of internal

Horton v Henry has the position with pensions and bankruptcy been turned on its head again ?
  • Taylor Wessing
  • United Kingdom
  • April 2 2015

Just before Christmas last year, the High Court handed down a judgment in a bankruptcy case which was contrary to a High Court decision in a previous

Trustees’ appeal on the meaning of an ‘establishment’ dismissed
  • Hill Dickinson LLP
  • United Kingdom
  • May 6 2015

The Trustees of the Olympic Airlines SA Pension and Life Assurance Scheme -v- Olympic Airlines SA On 29 April 2015, the Supreme Court handed down its

After Indalex: pension claims under the new CCAA
  • Aird & Berlis LLP
  • Canada
  • May 2 2013

On February 1, 2013, the Supreme Court of Canada (the "SCC") released its long-awaited decision in Sun Indalex Finance, LLC v. United Steel Workers

UK Supreme Court upholds appeal by Nortel administrators on pension liabilities and the powers of the pensions regulator
  • Herbert Smith Freehills LLP
  • United Kingdom
  • July 24 2013

The Supreme Court has today ruled on the ranking of certain pension liabilities when issued to companies in administration or liquidation. In a

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

What about federal pension claims?
  • Aird & Berlis LLP
  • Canada
  • December 4 2013

The priority of claims against insolvent employers for amounts owing under provincially-regulated pension plans and, in particular, plans

Supreme Court dismisses appeal on the meaning of an ‘establishment’ for the purposes of the EC Insolvency Regulation (13462000)
  • CMS Cameron McKenna
  • United Kingdom
  • April 29 2015

The Supreme Court has dismissed the pension scheme trustees’ appeal in the Olympic Airlines case, agreeing with the Court of Appeal that the High