Summary
On 18 December 2013, judgment of the High Court in England and Wales was handed down in a case relating to the insolvency of Lehman Brothers companies (In the Matters of Storm Funding Limited (In Administration) and Others [2013] EWHC 4019 (Ch)).
United Kingdom, Employee Benefits & Pensions, Insolvency & Restructuring, Litigation, Reed Smith LLP, The Pensions Regulator (UK), Lehman Brothers, Pensions Act 2004 (UK), Pensions Act 1995 (UK), High Court of Justice (England & 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.
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