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Corinne Ball, a partner at jones Day, writes that restructurings and rescues involving United Kingdom businesses have been radically affected by new legislation on pension plans. Any restructuring involving an entity with a defined benefit pension plan in the U.K. 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 23, 2005 at 12:00 AM
1 minute read
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