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Government supported litigation funding for liquidators. Recent changes to the Fair Entitlements Guarantee scheme
  • McCabes
  • Australia
  • July 31 2015

The Fair Entitlements Guarantee Act 2012 (Cth) requires the Commonwealth Government to pay outstanding superannuation, annual leave, redundancy and


Lenders prevail over pensioners in Grant Forest appeal
  • Stikeman Elliott LLP
  • Canada
  • August 13 2015

On August 7, 2015, the Ontario Court of Appeal (ONCA) released its decision in Grant Forest Products Inc. v. The Toronto-Dominion Bank. The decision


Indalex pension decision considered by Ontario Court of Appeal
  • Osler Hoskin & Harcourt LLP
  • Canada
  • August 11 2015

Following the Supreme Court of Canada decision in Sun Indalex Finance, LLC v. United Steelworkers, 2013 1 S.C.R. 271 (Indalex), creditors and their


Illinois and New Jersey pension decisions: implications for bondholders
  • Arent Fox LLP
  • USA
  • July 8 2015

Two important and very different decisions regarding public pensions were recently issued by the Supreme Court of Illinois and the Supreme Court of


Practical implications of the Supreme Court of Canada’s decision in (Re) Indalex
  • Norton Rose Fulbright Canada LLP
  • Canada
  • February 6 2013

The Supreme Court of Canada's decision in (Re) Indalex has changed the landscape for both lenders and borrowers in Canada who sponsor registered


Québec court: DIP lender has priority over pension plan deficit
  • Osler Hoskin & Harcourt LLP
  • Canada
  • May 21 2012

In April 2011, the Ontario Court of Appeal rendered a unanimous judgment in Re Indalex Limited which ordered that the amount the debtor was required to contribute towards its pension plan wind up deficiency be paid in higher priority to repayments to its DIP lender


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


Pre May 2000 bankrupt’s pension assets still vest in his trustee in bankruptcy
  • Pitmans LLP
  • United Kingdom
  • February 25 2015

In the recent decision of Horton v Henry 2014 EWHC 4209 (Ch) the High Court held that a Bankrupt's unexercised rights to draw his pension did not


New Government legislation programme: industry & sector specific breakdown- SpringSummer 2015
  • William Fry
  • Ireland
  • January 16 2015

The Irish Government has published its legislation programme for the SpringSummer 2015 parliamentary session. There are 32 Bills which are currently


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