22 Circumstances in which following provisions apply
Pensions Act 1995 (1995 c 26) | Legislation

Independent trustees

22  Circumstances in which following provisions apply

(1)     This section applies in relation to a trust scheme—

(a)     if a person (referred to in this section and sections 23 [to 26] as “the practitioner”) begins to act as an insolvency practitioner in relation to a company which, or an individual who, is the employer in relation to the scheme, or

(b)     if the official receiver becomes—

(i)     the liquidator or provisional liquidator of a company which is the employer in relation to the scheme, . . .

[(ia)     the interim receiver of the property of a person who is the employer in relation to the scheme, or]

(ii)     the receiver and the manager, or the trustee, of the estate of a bankrupt who is the employer in relation to the scheme.

(2)     Where this section applies in relation to a scheme [by virtue of subsection

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Proprietary estoppel

Proprietary estoppelThis Practice Note considers proprietary estoppel from a generic standpoint.For industry specific guidance on proprietary estoppel, see Practice Notes:•Estoppel and property law•Mortgages by estoppelProprietary estoppel—what is it?Unlike the other forms of estoppel (see Practice

LEXISNEXIS

Subrogation in insurance and reinsurance

Subrogation in insurance and reinsuranceWhat is the right of subrogation?In the context of insurance and reinsurance, the right of subrogation entitles an insurer or reinsurer, having indemnified the (re)insured, to ‘step into its shoes’ to bring an action in the (re)insured’s name. For the purpose

LEXISNEXIS

Common assault and battery

Common assault and batteryThe offences of common assault and batteryTechnically, the offences of assault and battery are separate summary offences. An assault is committed when the defendant intentionally or recklessly causes another to apprehend immediate and unlawful violence and battery is

LEXISNEXIS

Option agreements—the need for a long-stop date

Call options are frequently used by developers to secure a right to buy land if planning permission is obtained. Taking an option provides the developer with time to make and pursue a planning application before having to commit to paying for the land. The developer's initial outlay will be limited