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In re Nortel Companies and Others

In re Nortel Companies and Others

Postby dls » Thu Oct 23, 2014 2:07 pm

In re Nortel Companies and Others - SC - 24-Jul-2013 - Lord Neuberger, President, Lord Mance, Lord Clarke, Lord Sumption, Lord Toulson (Bailii, [2013] UKSC 52, [2013] 4 All ER 887, [2013] Bus LR 1056, [2013] 2 BCLC 135, [2013] Pens LR 299, [2013] BCC 624, [2013] BPIR 866, [2013] WLR(D) 300, [2014] 1 AC 209, WLRD, Bailii Summary, UKSC 2011/0259, SC Summary, SC, [2013] 3 WLR 504) - Insolvency - Employment - Company
The court was asked as to the interrelationship of the statutory schemes relating to the protection of employees' pensions and to corporate insolvency.
Held: Liabilities which arose from financial support directions or contribution notices issued by the Pensions Regulator under the 2004 Act after the company had gone into administration, which required the company to put in place financial support for an occupational pension scheme, did not rank as an expense of the administration under rule 2.67(1)(f) of the 1986 Rules, but if by the time it went into administration it had for the preceding two years been vulnerable to a liability under a pension scheme, that liability remained an obligation which ranked in the administration and was provable as debt of the company.
Statutes:
Insolvency Rules 1986 s. 2.67(1)(f)
Insolvency (Amendment) Rules 2006
Insolvency (Amendment) Rules 2003
Pensions Act 2004 s. 43

Cases Cited:
In re Mesco Properties Ltd CA 1980 ([1980] 1 WLR 96)
Bloom and Others -v- The Pensions Regulator (Nortel, Re) ChD 10-12-2010 (Bailii, [2010] EWHC 3010 (Ch), [2011] BCC 277, [2011] Pens LR 37, [2011] Bus LR 766) - At first instance (disapproved)
Bloom and Others -v- The Pensions Regulator and Others; In re Nortel GMBH (in administration CA 14-10-2011 (Bailii, [2011] EWCA Civ 1124, [2012] BCC 83, [2012] 1 BCLC 248, [2012] BCLC 248, [2012] 1 All ER 1455, [2012] Bus LR 818, [2011] Pens LR 397) - Appeal from
In re Sutherland, dec'd; Winter -v- Inland Revenue Commissioners HL 1963 ([1963] AC 235)
In re SBA Properties Ltd ChD 1967 ([1967] 1 WLR 799, [1967] 2 All ER 615)
In re ABC Coupler & Engineering Co Ltd (No 3) ChD 1970 ([1970] 1 WLR 702)
Kahn and Another -v- Commissioners of Inland Revenue; In re Toshoku Finance plc HL 20-2-2002 (House of Lords, Bailii, Gazette 21-Mar-02, [2002] UKHL 6, Times 25-Feb-02, [2002] 1 WLR 671, [2003] 1 AC 1, [2002] 2 All ER 113, [2002] 2 Cr App R 9, [2002] HRLR 23, (2002) 166 JPN 431, (2002) 166 JP 333)
Secretary of State for Trade and Industry -v- Frid HL 13-5-2004 (House of Lords, [2004] UKHL 24, Bailii, Times 14-May-04, [2004] 2 AC 506, [2004] BPIR 841, [2004] 2 BCLC 1, [2004] 2 WLR 1279, [2004] 2 All ER 1042)
Steele, Regina (on the Application of) -v- Birmingham City Council and The Secretary of State for Work and Pensions CA 16-12-2005 ([2006] 1 WLR 2380, Bailii, [2005] EWCA Civ 1824, Times 26-Apr-06, [2007] 1 All ER 73)
In re T & N Ltd and Others (No 3) ChD 16-6-2006 (Bailii, [2006] EWHC 1447 (Ch), [2006] 1 WLR 1728, [2007] 1 All ER 851, [2007] Bus LR 1411)
In re Bluck, Ex parte Bluck 1887 ((1887) 57 LT 419)
In re A Debtor (No 68 of 1911) 1911 ([1911] 2 KB 652)
In re Pitchford 11-1-1924 ([1924] 2 Ch 260.)
In re Smith ex parte Edwards 1886 ((1886) 3 Morrell 179)
In re British Gold Fields of West Africa 1899 ([1899] 2 Ch 7)
Haine -v- Secretary of State for Business Enterprise & Regulatory Reform and Another; Day -v- Haine CA 11-6-2008 (Bailii, [2008] EWCA Civ 626, Times 22-Jul-08, [2008] ICR 1102, [2008] IRLR 642) - Approved
Glenister -v- Rowe CA 21-4-1999 (Gazette 19-May-99, Bailii, [1999] EWCA Civ 1221, [2000] Ch 76) - Disapproved
Steele -v- Mooney and others CA 8-2-2005 (Bailii, [2005] EWCA Civ 96, Times 15-Feb-05, [2005] 1 WLR 2819, [2005] 2 All ER 256) - Disapproved
The Carron Iron Company Proprietors -v- Maclaren, Dawson, Stainton PC 23-7-1855 ([1855] EngR 700, Commonlii, (1855) 5 HLC 416, (1855) 10 ER 961, (1855) HL Cas 416, Bailii, [1855] UKPC 1)
Ex parte Llynvi Coal and Iron Co; In re Hide 1871 ((1871) LR 7 Ch App 28)
In re Trent & Humber Shipbuilding Co; Bailey & Leetham's Case 1869 ((1869) LR 8 Eq 94)
In re International Marine Hydropathic Co CA 1884 ((1884) 28 Ch D 470)
In re National Arms and Ammunition Co CA 1885 ((1885) 28 Ch D 474)
In re Blazer Fire Lighter Ltd 1895 ([1895] 1 Ch 402)
In re Wenborn & Co 1905 ([1905] 1 Ch 413)
In re Beni-Felkai Mining Co Ltd 1933 ([1934] 1 Ch 406, [1933] All ER 693)
Exeter City Council -v- Bairstow and others; Re Trident Fashions plc CA 10-3-2006 (Bailii, [2006] EWCA Civ 203, [2007] Bus LR 813)
Burton, Re Direction of Assets; In re Thomas -v- Burton, liquidator of Ben Line Steamers Ltd SCS 24-12-2010 (Bailii, [2010] ScotCS CSOH_174, 2011 GWD 2-103, 2011 SLT 535)
In re Condon, Ex parte James 1874 ((1874) LR 9 Ch App 609, (1874) LR 9 Ch App 609, [1874-80] All ER 388)
In Re Kentish Homes Ltd ChD 31-3-1993 (Gazette 31-Mar-93, [1993] BCLC 1375)
Re T H Knitwear (Wholesale) Ltd CA 1988 ([1988] Ch 275)
In Re Oriental Inland Steam Company ex parte Scinde Railway Company CA 1874 ((1874) LR 9 Ch App 557)
In re Clark (a bankrupt); ex parte the Trustee -v- Texaco Ltd ChD 1975 ([1975] 1 WLR 559)
In re UCT (UK) Ltd ChD 2001 ([2001] 1 WLR 436)
Getliffe and Another, Re Lune Metal Products Ltd CA 14-12-2006 (Bailii, [2006] EWCA Civ 1720, [2007] Bus LR 589)
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