UK Supreme Court upholds appeal by Nortel administrators on pension liabilities and the powers of the pensions regulator

The Supreme Court has today ruled on the ranking of certain pension liabilities when issued to companies in administration or liquidation.

Filed under:
United Kingdom, Employee Benefits & Pensions, Insolvency & Restructuring, Litigation, Herbert Smith Freehills LLP, Debt, Liability (financial accounting), Liquidation, Defined benefit pension plan, The Pensions Regulator
Authors:
Kevin Pullen
Location:
United Kingdom
Firm:
Herbert Smith Freehills LLP
Impact of Brexit on applicable law in cross-border insolvencies

From 31 December 2020, the European Regulation on Insolvency Proceedings (the “EIR”) ceased to apply in the UK. As a result:

Filed under:
European Union, United Kingdom, Insolvency & Restructuring, Public, Herbert Smith Freehills LLP, Brexit, UNCITRAL
Authors:
John Whiteoak , Kevin Pullen , John Chetwood , Andrew Cooke
Location:
European Union, United Kingdom
Firm:
Herbert Smith Freehills LLP