On December 29, 2011, the US Court of Appeals for the Third Circuit issued an opinion in the chapter 11 bankruptcy case In re Nortel Networks, Inc., holding that the "automatic stay" on creditor collection actions outside the bankruptcy applied to prevent the UK Pension Protection Fund and the Trustee of the UK Nortel Pension Plan from participating in UK pensions proceedings initiated by the UK Pensions Regulator.
United Kingdom, USA, Employee Benefits & Pensions, Insolvency & Restructuring, Litigation, Dentons, Bankruptcy, Debtor, Pension Protection Fund, United States bankruptcy court, Third Circuit
INTRODUCTION
USA, Healthcare & Life Sciences, Insolvency & Restructuring, Legal Practice, Litigation, Dentons, Bankruptcy, Debtor, Federal Reporter, Due process, Negligence, Warranty, Precondition, Bankruptcy discharge, Title 11 of the US Code, United States bankruptcy court, Eleventh Circuit, Third Circuit, Fourth Circuit