Marathon Oil U.K. LLC v Centrica Resources Ltd and others

Pension – Pension scheme. The proceedings concerned the contractual arrangements between the parties under two agreements for operations in the North Sea, and whether the defendant participants were liable to meet a share of a proportion of deficit recovery charges (DRCs) in respect of a defined benefit pension scheme. The Commercial Court held that the defendants were liable to meet a share of a proportion of DRCs in respect of the scheme of which those employees had been beneficiaries.

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