‘Super priority’ of financial support directions overturned in Supreme Court of England and Wales

Summary

The Supreme Court has today allowed an appeal against the decision of the Court of Appeal (14 October 2011) which, in certain circumstances in an insolvency situation, would have accorded “super priority” to a financial support direction made by the Pensions Regulator.

Filed under:
United Kingdom, Employee Benefits & Pensions, Insolvency & Restructuring, Litigation, Reed Smith LLP, The Pensions Regulator (UK), Pensions Act 2004 (UK), Pensions Act 1995 (UK), Supreme Court of the United States
Authors:
Charlotte Møller , William Sutton , Josh Hughes
Location:
United Kingdom
Firm:
Reed Smith LLP