CJEU issues decision in Waterford Crystal Case, April 2013


The CJEU issued judgment on 25 April 2013 in respect of the questions put to it by the Irish High Court in July 2011 in relation to the claims of ten former employees of Waterford Crystal that the State had failed to properly implement Directive 2008/94 (the “Insolvency Directive”) to protect their pension benefits on the insolvency of Waterford Crystal. As such this case concerns the protections provided by the State for members of insolvent pension schemes of insolvent sponsoring employers.

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