Slaughter and May have acted as sole legal adviser to Tata Steel on the restructuring of the £13 billion British Steel Pension Scheme through a regulated apportionment arrangement (RAA) with the Trustee, and the contingent creation of a new British Steel Pension Scheme, with the support of the Pensions Regulator and the Pension Protection Fund. This is the largest pension scheme restructuring carried out in the U.K.. Slaughter and May is also advising Tata Steel on its ongoing strategic planning for and restructuring of its European business including recent disposals.
Contacts

Charles Cameron (partner), Andrew McClean (partner), Ian Johnson (partner), Phil Linnard (partner), Padraig Cronin (partner), Shalini Shanthikumar (associate), Adam Mullen (associate), David McKendrick-Ness (associate), John Hugkulstone (associate), Thomas Withers (trainee), Rebecca Carter (trainee), Eleanor Diamond (trainee), Christian Davies (trainee), Theo Taylor (trainee)  and Victoria Glascock (trainee)