News & Analysis as of

Pensions Insolvency Defined Benefit Plans

Latham & Watkins LLP

Cramming Down Pension Liabilities: The Final Frontier?

Latham & Watkins LLP on

The Part 26A restructuring plan has introduced significant cross-class cramdown powers that may impact the defined benefit pension arrangements in the UK. As the UK looks set to enter a new restructuring cycle, the...more

Goodwin

Pension Schemes Act 2021: The Impact of New Criminal Liability on Restructuring and Corporate Transactions

Goodwin on

THE PENSION SCHEMES ACT 2021 - The Pension Schemes Bill 2019-20 (“the Bill”) was first published on 16 October 2019. Following the dissolution of the 2017-2019 Parliament at the end of the 2019 session, the Bill was...more

Hogan Lovells

Rocking the boat – Pension Schemes Bill proposals may risk destabilising future restructurings

Hogan Lovells on

The Pension Schemes Bill [HL] 2019-20 (Bill) was re-introduced before Parliament on 7 January 2020. Among its proposed amendments to the Pensions Act 2004 (Act) are new criminal  offences for failing to comply with a...more

Groom Law Group, Chartered

Senate Republicans Release Proposal for Multiemployer Pension Reform

On November 20, Republican Senators Charles Grassley and Lamar Alexander – chairmen of the committees with jurisdiction over pensions – jointly released the Multiemployer Pension Recapitalization and Reformation Plan (the...more

Latham & Watkins LLP

Addressing Pensions Liabilities for Underperforming Portfolio Companies

Latham & Watkins LLP on

This year has seen a significant number of business failures, particularly on the high street, as businesses have struggled in the face of market fragility and Brexit uncertainty. When a UK portfolio company is...more

Latham & Watkins LLP

Addressing Pensions Liabilities for Underperforming Companies

Latham & Watkins LLP on

This year has seen a significant number of business failures, particularly on the high street, as businesses have struggled in the face of market fragility and Brexit uncertainty. When a UK company is underperforming, the...more

Franczek P.C.

Guidance Prompts Changes to PBGC Reportable Event Rules and Electronic Filing Requirements for Multiemployer Plans

Franczek P.C. on

The Pension Benefit Guaranty Corporation (PBGC) recently issued two important pieces of guidance that change certain of the PBGC’s notice requirements for both single-employer and multiemployer pension plans....more

Proskauer Rose LLP

UK Supreme Court rules on priority ranking of pension liabilities in company insolvencies

Proskauer Rose LLP on

On 24th July the UK Supreme Court handed down its unanimous decision in relation to the LBIE/Nortel appeal, overturning the previous Court of Appeal and first instance judgments....more

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