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http://www.mondaq.com/x/193784/Insolvency+Bankruptcy/Nortel+And+Lehman+Financial+Support+Directions+An+Update
Aug 28, 2012 · The now familiar facts involved the issue of a Financial Support Direction (FSD) by the Pensions Regulator (Regulator) on numerous Nortel and Lehman companies following the commencement of administration proceedings.
https://www.pensionsage.com/pa/contribution-notices-financial-support-directions-and-insolvency
In a judgment that brought relief throughout the pensions and insolvency industries, the Supreme Court has decided that obligations arising from financial support directions (FSDs) or any subsequent contribution notice (CN) rank as unsecured debt, whether the FSD or CN was issued before or after the commencement of insolvency. What's the issue?Author: Jill Clucas
https://www.macfarlanes.com/what-we-think/in-depth/2012/nortel-and-lehman-financial-support-directions-an-update/
Aug 23, 2012 · Nortel and Lehman financial support directions – an update The High Court decision in Nortel and Lehman EWHC 3010 (Ch) in December 2010 was widely seen by insolvency and restructuring practitioners as having far reaching consequences for the “rescue culture”.
https://www.lexology.com/library/detail.aspx?g=9c5c706a-aa3d-4bb4-830e-0c860cb6067b
Jan 25, 2011 · In June 2010, the Pensions Regulator’s Determinations Panel determined that it would be reasonable to issue a Financial Support Direction (FSD) against companies in the Nortel group.
http://www.linklaters.com/pdfs/mkt/london/Supreme_Court_Newsletter.pdf
Nortel and Lehman pensions cases. In 2011, the Court of Appeal ruled that a financial support direction issued by the Pensions Regulator ranked as an expense of the administration if the target was
https://www.williamfry.com/newsandinsights/news-article/2012/02/28/the_nortel_pension_debacle
The Nortel Pension Debacle Can an Irish or other foreign company, which has its centre of main interests or an establishment in England, be bound by a financial support direction issued by the UK Pensions Regulator under UK pensions legislation? The recent administration of companies in the Nortel Group raised this very question.
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