The High Court has ruled that Barclays» pensions proposals will not hold up its ring - fencing plans, in a decision that considered widely relevant issues of
restructuring defined
benefit pension
schemes and Pensions Regulator clearance.
This case is an excellent example of the flexibility of a
scheme of arrangement to assist the
restructuring of any company with a sufficient connection to England and of the English Courts» «can do» approach when it comes to
restructurings proposed for the
benefit of a company's creditors as a whole.»