The Supreme Court has today ruled on the ranking of certain pension liabilities when issued to companies in administration or liquidation.
United Kingdom, Employee Benefits & Pensions, Insolvency & Restructuring, Litigation, Herbert Smith Freehills LLP, Debt, Liability (financial accounting), Liquidation, Defined benefit pension plan, The Pensions Regulator (UK)
Although only a few weeks old, 2013 has already seen HMV, Jessops and Blockbuster enter administration, joining last year's failures, which included Comet, Clinton Cards and Peacocks. Given the number of premises these companies occupy across the UK, landlords of retail premises will inevitably be affected.
United Kingdom, Insolvency & Restructuring, Litigation, Real Estate, Herbert Smith Freehills LLP, Landlord, Leasehold estate
This is the third of a series of four e-bulletins in relation to administrations and company voluntary arrangements (CVAs).
United Kingdom, Insolvency & Restructuring, Real Estate, Herbert Smith Freehills LLP, Unsecured debt, Injunction, Breach of contract, Landlord, Leasehold estate, Debt, Consent, Credit risk, Court of Appeal of England & Wales