First Ruling of Section 342A of the Insolvency Act
Mark Raeside QC presided over four separate days in the High Court last week as Section 342A of the Insolvency Act was finally ruled upon, directing what constitutes an excessive contribution to a pension scheme which can be set aside by a trustee in bankruptcy.
The statute came into force in 2000, however, it has never been litigated upon. The law is now clarified, although the case cannot be fully reported pending further hearing on restorative relief in September 2016.
We are planning to host free of charge seminars on the topic of pensions and insolvency, to be given by the QC who handled the trial. Please click here should you wish to register your interest.
If you are contemplating similar claims and would welcome direction on the ruling ahead of the full judgment, please do not hesitate to contact me