We use cookies to customise content for your subscription and for analytics.
If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.

Search results

Order by: most recent most popular relevance

Results: 1-10 of 1,378

Odds and ends PPF guidance on pre-packs, schemes of arrangement and review of bills of sale
  • Burges Salmon LLP
  • United Kingdom
  • September 22 2015

This month's summary of "also ran" update items forms a fairly eclectic mix, however some useful items can be pulled out of them. PPF guidance to

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

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

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

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

Court of Appeal decision in re Nortel
  • Freshfields Bruckhaus Deringer LLP
  • United Kingdom
  • October 20 2011

The effect of the CA decision

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

IRS final regulations allow pension plan sponsors in bankruptcy to eliminate prohibited payment options
  • Seyfarth Shaw LLP
  • USA
  • November 13 2012

Under Section 436 of the Internal Revenue Code, a single employer defined benefit plan sponsored by a company in bankruptcy cannot pay any “prohibited payments” (e.g., lump sums, Social Security level income annuity payments) if the plan is less than 100 funded

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

Over 55 and in debt: is your pension pot safe?
  • Winckworth Sherwood
  • United Kingdom
  • April 8 2015

With changes to pensions coming into effect from April 2015 under which savers over the age of 55 will have greater flexibility to draw down their