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Ninth Circuit rules that withdrawal liability may be discharged in bankruptcy
  • Trucker Huss APC
  • USA
  • November 1 2013

In a decision that comes as welcome news to some employers, the Ninth Circuit Court of Appeals recently ruled that an employer that incurred


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


Bankruptcy and pension rights following Horton v Henry - a fairytale ending?
  • Penningtons Manches LLP
  • United Kingdom
  • June 8 2015

In a challenging economy bankruptcy increasingly stands accused of constituting a mechanism for debtors to escape their responsibilities at their


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


The Seventh Circuit interprets Wisconsin exemption law on college savings accounts and retirement annuities, but did it have jurisdiction? (part 1 of 2)
  • Foley & Lardner LLP
  • USA
  • January 20 2015

In re Bronk (Cirilli v. Bronk), No. 13-1123 (7th Cir. Jan. 5, 2015), resolved a couple of “questions of first impression,” slip op. at 1, under


The perils of partial wind-ups: Ontario Court of Appeal releases decision in Hydro One
  • Heenan Blaikie LLP
  • Canada
  • January 15 2010

The Ontario Court of Appeal released its decision in Hydro One Inc. v. Ontario (Financial Services Commission) on January 11, 2010


Third Circuit considering if the ‘police power’ exception to the automatic stay extends to the UK Pensions Regulator
  • Reed Smith LLP
  • United Kingdom, USA
  • December 19 2011

One exception to the otherwise far-reaching scope of the automatic stay is the “police power” exception, which permits a governmental unit to commence or continue an action or proceeding that is in furtherance of its police and regulatory powers (section 362(b)(4) of the Bankruptcy Code


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


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