The Chancery Division held that it could, and should, compel the respondent to draw down his benefits under an occupational pension scheme financed by his employer in order to satisfy an outstanding judgment debt in favour of the assignee of claims for breach of director's duties, brought following the insolvent administration and voluntary liquidation of the employer company. It was appropriate for the court to exercise its jurisdiction to make the order sought.
Downloads
R3 members can provide advice on a range of business and personal finance issues. To find an R3 member who can help you, click below.