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Results: 1-10 of 1,449

Liquidators and trusts: further developments regarding fees and priorities
  • Hall & Wilcox
  • Australia
  • May 11 2016

On 23 February 2016, Justice Brereton of the Supreme Court of New South Wales handed down a decision In the matter of Independent Contractor Services


Lessons from Nortel: what do the recent allocation decisions mean?
  • Macfarlanes LLP
  • Canada, United Kingdom, USA
  • May 28 2015

Around 33,000 UK-based pensioners of the Nortel group look set to receive a greater share of the group’s $7bn worldwide assets, following a joint


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


Sunny side up or sunny side down (what is it with pension liabilities . . .)?
  • Squire Patton Boggs
  • United Kingdom
  • April 26 2016

The latest iteration of the Sun Capital litigation has confirmed once again what many restructuring professionals have known for a long time - that


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


FSD determination affecting Lehman Brothers scheme
  • Herbert Smith Freehills LLP
  • United Kingdom
  • September 30 2010

On 17 September, the Pension Regulator's Determinations Panel announced that it had issued a determination that six companies within the Lehman Brothers group (including the group's main operating companies in the UK as well as the US parent Lehman Brothers Holding Inc.) should provide financial support to the Lehman Brothers Pension Scheme


New priorities? The Ontario Superior Court applies Indalex and reaches a different result
  • McCarthy Tétrault LLP
  • Canada
  • February 13 2012

On February 2 and 9, 2012, the Ontario Superior Court released two decisions in the ongoing proceedings of Timminco Limited and Bécancour Silicon Inc. (together, the Timminco Entities) under the Companies’ Creditors Arrangement Act (CCAA) that further develop the law regarding pension claim priorities in insolvency proceedings


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


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 the multi-jurisdictional


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