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Pensions Update: The Pensions (Amendment) Bill - Stay of Execution For Defined Benefit Schemes?

We examine the scope of the Pensions (Amendment) (No. 2) Bill 2017 and look at the potential impact on defined benefit pension schemes in Ireland, if enacted.

Ireland, Employee Benefits & Pensions, Insolvency & Restructuring, Mason Hayes & Curran LLP, Defined benefit pension plan
Pension challenges in bankruptcy and restructuring processes

This is an extract from Financier Worldwide's August online publication entitled "Pension challenges in bankruptcy and restructuring processes."

REFLECTING ON THE LAST FEW YEARS, HOW WOULD YOU DESCRIBE OVERALL PENSION CHALLENGES ARISING FOR COMPANIES FACING BANKRUPTCY / INSOLVENCY AND RESTRUCTURING PROCESS? WHAT MAJOR TRENDS HAVE DEFINED THIS SPACE?

United Kingdom, Employee Benefits & Pensions, Insolvency & Restructuring, Macfarlanes LLP, Defined benefit pension plan, The Pensions Regulator (UK), Pension Protection Fund
Waterford Crystal judgment: European Court of Justice finds that the Irish state has failed to protect employees’ pensions

In a long awaited landmark judgment, The European Court of Justice has today found in favour of ten former Waterford Crystal workers who alleged the Irish State had failed in their obligations to correctly implement European Directive 2008/94EC ('The Directive’) on the protection of employees in the event of the insolvency of their employer.

European Union, Ireland, Employee Benefits & Pensions, Insolvency & Restructuring, Litigation, Mason Hayes & Curran LLP, Defined benefit pension plan, Court of Justice of the European Union