London — Mayer Brown has been appointed to the Pension Protection Fund's (PPF) new legal panel.
Mayer Brown is one of a select number of law firms to be appointed following a six month procurement process that streamlined the PPF's legal panel from 23 to six. Mayer Brown and the other firms on the panel have been selected to provide expert advice across multiple disciplines. Since 2012, the firm had been on PPF sub-panels for two specific areas – restructuring/insolvency and US law matters.
The PPF is the statutory "lifeboat" fund which was set up in the UK to protect members who had defined benefits in a workplace pension scheme, where the employer became insolvent and the pension scheme could not afford to pay those benefits promised to members.
Contracts for the new panel will commence in February 2018, for an initial two year period.
Devi Shah, head of Mayer Brown's Restructuring, Bankruptcy & Insolvency group in London, said: "We are delighted to have been appointed to this new panel and are looking forward to working even more closely with the PPF team and helping them address the challenges faced."