As part of a major restructuring programme, a multinational corporation established a number of new subsidiaries which were subsequently sold.

Amongst other tasks in this project, we were asked to advise on how to structure the retirement arrangements so that the expatriate employees, who were key to the success of the new companies, would be reassured that their pension benefits were secure and would not be materially affected by the transactions.

Special provisions were built into some of the new companies pension plans in order to accomplish these goals and one of our expatriate experts, together with a company representative, visited each of the sites to explain to the key expatriate employees to explain how their pension benefits would be provided.