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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)

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)
Published on: 01 February 2019
Published by: LexisPSL
  • 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?

Article summary

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. or take a trial to read the full analysis.

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