Lessons from Lehman
By Louisa Knox
The Pensions Regulator has reported that a settlement agreement had been reached in respect of the Lehman Brothers Pension Scheme.
The announcement marks the end to six years of litigation and will undoubtedly be welcome news for the members of the scheme. The compromise reached requires certain Lehman Brothers group companies to pay the trustees an amount expected to allow the scheme’s liabilities to be bought out in full with an insurance company (i.e. the full buy-out debt). The scheme will therefore not enter the Pension Protection Fund (PPF).
In September 2008, the sponsoring employer of the Lehman Brothers Pension Scheme famously went into administration. This triggered a section 75 debt of £119m owed by the employers to the pension scheme…
Click on the link below to read the rest of the Eversheds briefing.
News from Shepherd and Wedderburn
News from The Lawyer
Briefings from Shepherd and Wedderburn
Shepherd and Wedderburn considers the impact of Shuter v Ford Motor Co Ltd, in which it was concluded that offering less paternity than maternity pay was lawful.
Apple has turned its eye to the internal layout of all its shops and is pursuing trademark protection for this in the EU.
Analysis from The Lawyer
With banking, personal injury and M&A all down, law firm mergers are in the bracing Scottish air