Pensions Client Alert: Protecting pensions on employer's insolvency: the ASW case
21 February 2007
Mayer Brown Article
19 February 2007 - The European Court of Justice has ruled* that the UK Government has failed to adequately implement the Council Directive on Employer Insolvency. The ECJ said that the system of protection did not need to offer full protection but that the protection the system afforded was inadequate. The ECJ referred the case back to the High Court for a final decision on whether the Government was liable for damages.