BUSINESS AND PROPERTY COURTS OF ENGLAND AND WALES
BUSINESS LIST (CHD)
7 Rolls Building, Fetter Lane, London, EC4A 1NL |
||
B e f o r e :
____________________
LLOYDS BANKING GROUP PENSIONS TRUSTEES LIMITED |
Claimant |
|
- and - |
||
(1) LLOYDS BANK PLC (2) HBOS PLC (3) ANGELA SHARP (4) JUDITH CAIN (5) SUSAN DIXON (6) SECRETARY OF STATE FOR WORK AND PENSIONS (7) HER MAJESTY'S TREASURY |
Defendants |
____________________
Keith Rowley QC, John Cavanagh QC and Andrew Mold (instructed by Herbert Smith Freehills LLP) for the First and Second Defendants
Andrew Short QC and Nicholas Hill (instructed by Walkers Solicitors) for the Third to Fifth Defendants
Holly Stout (instructed by Government Legal Department) for the Sixth and Seventh Defendants
Hearing dates: 3 December 2018
____________________
Crown Copyright ©
MR JUSTICE MORGAN:
"However, in principle, Method D2 is a lawful method to which the Banks could consent [provided that benefits are first adjusted in accordance with paragraph 2 above and paragraph 4.5 below]."