No5 Chambers wins major appeal in the Desmonds Pension Scheme litigation
Richard Hitchcock and Farhaz Khan of No5 Chambers represented the appellant trustee in the Desmonds Pension Scheme case, in which the Court of Appeal of Northern Ireland has handed down its decision.
In the case, the trustee and the pensions regulator were seeking to recover compensation for scheme members who lost out when Desmonds went into members’ voluntary liquidation, and many millions of pounds that could have reduced or eliminated the deficit in the scheme were paid instead to the shareholders — principally the Desmond family.
News from Outer Temple Chambers
Briefings from Outer Temple Chambers
Alison McCormick of Outer Temple Chambers was a guest speaker on a Lexis Nexis webinar about asbestos.
Last week’s announcement that the US Justice Department has charged a company with criminal insider trading has left the global hedge fund and banking industry reeling.