Podcast Location:
Download it here [file size: 43.9 MB]
Categories:
Insolvency & Restructuring
Pensions Law
CPD Points:
Up to 1 point. details »

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Regulated by the Solicitors Regulation Authority:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Regulated by the Bar Standards Board:
Listen and pass the quiz: Gain 1 accredited CPD point (60 minutes)

Regulated by ILEX:
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Listen only, gain ½ a CPD point (30 minutes)

Cost:
  • FREE
Length:
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
Yes Downloadable as MP3:    Yes
Contributor(s):
Course Aims:

Why did the Supreme Court overturn the Court of Appeal's decision in the 'Nortel-Lehman' pension case? Simon Beale and Camilla Barry from Macfarlanes provide a detailed analysis of the decsion, the way in which creditors are to rank in an insolvency and the implications of this decision on trustees and lenders more generally.

Outcomes:
After completing the course you will:
  • Understand the Supreme Court’s judgment in the ‘Nortel-Lehman’ pension case;
  • Understand the consequences when an employer under a defined benefit pension scheme becomes insolvent;
  • Be aware of when the Pensions Regulator will issue financial support directions (FSDs);
  • Know what a contribution notice is;
  • Have considered what the process of liquidation involves;
  • Be aware of how statutory liabilities rank in an insolvency;
  • Have an understanding of the difference between the bankruptcy of an individual and the liquidation/administration of a company.
Level:
General Interest Difficulty: 2 of 5
Classification:
Legal Principles
Legislative Updates
Market Update / Hot Topic
Sources and References:

In this podcast Macfarlane’s Simon Beale, head of insolvency and Camilla Barry, partner in the pensions department, consider the effect of the Supreme Court’s judgment in the 'Nortel-Lehman' case.

Date Recorded: 9th August 2013

NEW! TRANSCRIPT INCLUDED IN ADDITIONAL INFORMATION

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