Court of Appeal confirms Lehman trustees' participation in FSD process
The Lehman Brothers pension scheme continues to be at the centre of litigation testing key aspects of the Pensions Regulator’s financial support direction (FSD) powers.
Having taken part, along with the Nortel scheme, in the litigation that has now resulted in a Supreme Court decision on the ‘priority’ of FSDs issued to insolvent employers, the Lehman scheme has also recently received judgment from the Court of Appeal on another FSD point: the extent to which trustees may participate in a FSD process.
The specific point was whether the trustees of the Lehman scheme are a ‘directly affected person’ in the context of the Regulator’s FSD process. The Court of Appeal confirmed the approach that had been taken by the Regulator’s Determinations Panel and subsequent decision of the Upper Tribunal…
If you are registered and logged in to the site, click on the link below to read the rest of the Taylor Wessing briefing. If not, please register or sign in with your details below.
News from Taylor Wessing
News from The Lawyer
Briefings from Taylor Wessing
With technological developments and the increase of CCTV in public places, the role of regulation and guidance will become increasingly important.
There have been some high-profile cases involving the use of CCTV in Germany in recent years.
Analysis from The Lawyer
The city-state is working hard to become a global wealth management hub, and law firms are gearing up for a prosperous new world
Financial disputes are starting to dominate the English courts as the long-awaited fallout from the downturn finally comes to town