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Turner & Newall UK Asbestos Trust Fund

A number of companies within the Turner & Newell Group were historically involved in the use, manufacture, distribution, sale and installation of asbestos. Many people who were exposed to asbestos by the Turner & Newall Group have contracted asbestos related conditions.
The rising tide of litigation arising from such medical conditions, particularly in the United States, resulted in many companies in the T& N Group being placed into insolvency proceedings on the 1 October 2001 in the UK and US.
The Administrators appointed to the companies in the UK have put certain systems in place to deal with the UK asbestos-related claims against certain companies in the Turner & Newell Group.
Two main funds will be established to pay compensation to those with asbestos-related claims:
  The UK Asbestos Trust Fund
  The EL Scheme Trust Fund
As the Turner & Newall Group is insolvent, compensation cannot be paid in full.
The UK Asbestos Trust Fund has been set up under the Company Voluntary Arrangements (CVAs) in relation to Turner & Newall Limited and certain other companies (the CVA Companies).
The EL Scheme trust Fund will be set up under several Schemes of Arrangement (EL Scheme Companies).
The EL Scheme and CVAs have been approved by those who are entitled to vote on them.