ECJ questions UK pension bankruptcy rules

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By Silvia Martelli (November 11, 2021, 16:51 GMT) – National courts in the European Union cannot refuse to protect approved foreign pension benefits in the event of bankruptcy unless the pension plan is registered with the the country’s national tax authority, ruled the highest court in the bloc. Thursday in an Irish developer dispute with UK administrators.

The European Court of Justice has said that, generally, if a pension scheme has been approved as a pension scheme by a tax authority in one EU country, another country in the bloc cannot refuse to grant to these benefits automatically exclude the bankruptcy process. – unless they have also been registered with the country which manages the bankruptcy procedure …

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