Jurisdiction(s):
United Kingdom

Key definition

Abandonment definition

What does Abandonment mean? Abandonment describes, in pensions practice, steps by an employer to sever or materially reduce its ongoing support for an occupational pension scheme—typically a defined benefit (DB) scheme—so the scheme becomes effectively independent of its sponsor (for example, by removing or replacing the statutory employer with a weak vehicle, leaving no meaningful employer covenant). The term is not defined in legislation or case law; it is a descriptive expression used in regulatory guidance and practitioner discourse. Across England & Wales, Scotland and Northern Ireland, such activity engages The Pensions Regulator’s anti-avoidance regime and may warrant seeking clearance. TPR can issue...

Boeing/Embraer (M.9097) – European Commission phase II merger investigation into commercial aircraft and EB Defence joint venture; abandoned 25 April 2020; notification withdrawn (archived)

Published by a LexisNexis Competition expert

Practice notes

CASE HUB Archived

This archived case hub records the position as at the date the transaction was abandoned on 25 April 2020; it is no longer updated. See further, the timeline and commentary.

Case facts

Outline: European Commission merger review into the proposed purchase by Boeing Company of Embrace SA’s commercial aviation business, together with related operational and engineering capabilities, and the parties’ intended joint control of the joint venture, EB Defence LC (Case M.9097). The deal presented horizontal overlaps in the markets for manufacturing commercial aircraft.

Latest developments

On 25 April 2020, Boeing Company announced it had called off the transaction. On 8 May 2020, the notification to the Commission was abandoned and withdrawn.

Parties

Boeing Company (Boeing): Boeing is an American aerospace and defence corporation headquartered in Chicago, Illinois. Boeing designs, builds, and sells commercial aeroplanes, military aeroplanes, and spacecraft, as well as defence, space, and security systems. Boeing also delivers aftermarket support to the aerospace sector, including performance-based logistics and training. Boeing is one of the two leading globally active producers of commercial aircraft...

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Web page updated on 22/05/2026

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