- Employers liable for deficit reducing contributions under joint operating agreement (Spirit Energy Resources Ltd (formerly Centrica Resources Ltd) and other companies v Marathon Oil UK LLC)
- What are the practical implications of this decision?
- What was the background?
- What did the Court of Appeal decide?
Pensions analysis: David Wolfson QC and Conall Patton, barristers at One Essex Court, examine the decision of the Court of Appeal in Spirit Energy Resources Ltd (formerly Centrica Resources Ltd) and other companies v Marathon Oil UK LLC where the respondent operator was entitled under an oil and gas joint operating agreement (JOA) to require the appellant participants in the joint venture to pay their share of an employees’ pension deficit that had arisen.
Sign in or take a trial to read the full analysis.
To continue reading this news article, as well as thousands of others like it, sign in to LexisPSL or register for a free trial