administration expense

Nortel and Lehman FSD/CN pensions liabilities an administration expense

10/17/11

Financial Support Directions and Contribution Notices issued by The Pensions Regulator after a target company has gone into administration give rise to liabilities that rank as administration expenses under Rule 2.67(1)(f) Insolvency Rules 1986. So found the Court of Appeal...

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Nortel and Lehman FSD/CN pensions liabilities an administration expense

10/17/11

Financial Support Directions and Contribution Notices issued by The Pensions Regulator after a target company has gone into administration give rise to liabilities that rank as administration expenses under Rule 2.67(1)(f) Insolvency Rules 1986.

So found the Court of Appeal as it dismissed the appeals in the Nortel and Lehman cases.

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Rent as an administration expense - Goldacre

06/15/10

Commercial landlords and insolvency practitioners are all alive to the effects of the decision of HHJ Purle QC in Goldacre (Offices) Ltd v Nortel Networks UK Ltd [2009] EWHC 3389 (Ch) (07 December 2009), that rent is an administration expense...

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