Definition of contingent provable debts clarified (Supreme Court) | Practical Law

Definition of contingent provable debts clarified (Supreme Court) | Practical Law

In Re Nortel Companies and others [2013] UKSC 52 (24 July 2013), the Supreme Court considered whether financial support directions and contribution notices, issued by the Pensions Regulator against a company in administration, were provable debts within the meaning of rule 13.12(1)(b) of the Insolvency Rules 1986 (SI 1986/1925).

Definition of contingent provable debts clarified (Supreme Court)

Practical Law UK Legal Update 3-535-4565 (Approx. 9 pages)

Definition of contingent provable debts clarified (Supreme Court)

by Practical Law Restructuring and Insolvency
Published on 26 Jul 2013England, Wales
In Re Nortel Companies and others [2013] UKSC 52 (24 July 2013), the Supreme Court considered whether financial support directions and contribution notices, issued by the Pensions Regulator against a company in administration, were provable debts within the meaning of rule 13.12(1)(b) of the Insolvency Rules 1986 (SI 1986/1925).