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Restructurings and rescues involving United Kingdom businesses have been radically affected by new legislation on United Kingdom pension plans. Any restructuring involving an entity with a defined benefit pension plan in the United Kingdom now needs to be considered in the light of this legislation, which may result in the redesign of transactions and can also result in plan liabilities falling on those involved in the rescue.
June 24, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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