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Legal opinion did not limit guaranteed obligations of PPF guarantee (Caribonum Pension Trustee v Pelikan Hardcopy Production AG)

Legal opinion did not limit guaranteed obligations of PPF guarantee (Caribonum Pension Trustee v Pelikan Hardcopy Production AG)
Published on: 11 September 2018
Published by: LexisPSL
  • Legal opinion did not limit guaranteed obligations of PPF guarantee (Caribonum Pension Trustee v Pelikan Hardcopy Production AG)
  • Original news
  • What are the practical implications of this decision?
  • What was the background to this case?
  • What did the High Court decide?
  • Case details

Article summary

Pensions analysis: While a legal opinion produced in respect of a type A contingent asset which follows the Pension Protection Fund (PPF) standard form was able to reduce the guarantor’s liability under its representation/warranty (clause 5.4), it did not have the power to restrict the scope of the guarantor’s guaranteed obligations under clause 2.1, according to the High Court in Caribonum Pension Trustee v Pelikan Hardcopy Production AG. or take a trial to read the full analysis.

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