High Court victory resolves first test of regulator

Sebastian Cheek assessed the impact of TPR's 'hard fought' High Court win

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The Pensions Regulator has won a hard fought and crucial victory in its High Court battle with administrators representing Nortel Networks and Lehman Brothers.

In what most lawyers saw as a surprise verdict, Mr Justice Briggs, presiding, ruled that a liability arising from a financial support direction issued by the regulator against the two companies is ...

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