Lehman Brothers: Pensions Regulator settles for full buy-out cost
By Anne-Marie Winton
The Pensions Regulator’s financial support direction (FSD) case against various companies in the Lehman Brothers group has settled, with the companies agreeing to provide sufficient funding for the full buy-out of the benefits in the Lehman Brothers pension scheme. Although this matter has ended in agreement, it produced along the way a number of legal decisions that have helped clarify the extent of the Pensions Regulator’s powers to enforce financial support for pension schemes. Those decisions put the regulator in a strong position to negotiate a settlement. This is good news both for the scheme members and for the Pension Protection Fund (which should not now have to take on responsibility for the scheme)…
Click on the link below to read the rest of the Nabarro briefing.
News from Nabarro
News from The Lawyer
Briefings from Nabarro
When undertaking due diligence exercises in property purchases, a standard construction enquiry is usually raised of the seller to ask if there is a health and safety file.
This article focuses on the reforms affecting the generation of electricity, which is a regulated sector in the UK and the EU.
Analysis from The Lawyer
Nabarro senior partner and self-confessed “IT geek” Graham Stedman is heralding a major set of investments in technology ahead of the firm’s move to 125 London Wall this year.
Clients are more willing to bring claims against professional service providers but the risk to defendants is not as dramatic as it might seem