Shippers Lose Bid To Appeal £7.7M Loss In Pension Dispute

Law360, London (February 17, 2020, 5:01 PM GMT) -- A court denied a Chinese shipping firm and a U.K.-based haulage company permission to appeal after being ordered to pay a total of GBP7.7 million (£10 million) to trustees of a workplace pension.

Marie Bancroft-Rimmer, a master of the Court of Appeal, rejected on Feb.

5 an application to appeal a High Court ruling in April last year.

China Shipping (U.K.) Agency Co.

Ltd. and Multimodal Logistics Ltd. now will have to pay GBP6.6 million and GBP1.1 million, respectively, to PS Independent Trustees Ltd., which brought the litigation, as per the original ruling barring any further attempts to appeal the decision....

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