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147349

registered interest
date	10/11/2014
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	Transatlantic Trade and Investment Partnership
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government why the investor-state dispute settlement system in the proposed Transatlantic Trade and Investment Partnership will not be dealt with by United Kingdom courts.
tabling member printed	Baroness Jones of Moulsecoomb
uin	HL2753
answer	answer is ministerial correction date of answer 19/11/2014 answer text The Transatlantic Trade and Investment partnership (TTIP) will be an agreement with 28 EU countries and the US. In the case of the UK, it has over 90 existing bilateral investment treaties with other countries across the world, UK domestic courts and the UK legal system remain the main route for resolving the overwhelming majority of disputes that foreign investors may have with the actions of the UK Government. Investment protection provisions and Investor-state dispute settlement (ISDS) clauses in trade and investment treaties are nonetheless valued by investors for providing certainty and protection from discriminatory action by host governments. Well-formulated investment protection and ISDS provisions have the potential to encourage investment while placing effective safeguards on the Government’s ability to regulate in the public interest. The Government believes it is in the UK's interest to create modern investment provisions in the Transatlantic Trade and Investment Partnership (TTIP) to both encourage investment and create a potential model for future trade and investment agreements with other countries. As such, we would want the ISDS mechanism in TTIP to be in line with best practice, including the new The United Nations Commission on International Trade Law (UNCITRAL) Rules on Transparency in Treaty-based Investor-State Arbitration. answering member printed Lord Livingston of Parkhead question first answered 19/11/2014 12:33:40 answering member 4278 label Biography information for Lord Livingston of Parkhead
tabling member	4297 label Biography information for Baroness Jones of Moulsecoomb

143349

registered interest
date	07/11/2014
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	Insolvency
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, what estimate his Department has made of the costs to insolvency practitioners of holding a physical creditor meeting in an insolvency procedure.
tabling member constituency	Chesterfield
tabling member printed	Toby Perkins
uin	213841
answer	answer is ministerial correction date of answer 19/11/2014 answer text <p>The cost of holding a meeting varies according to the insolvency process and the nature of the meeting being held.</p><p> </p><p>Estimates of the cost of the initial meetings in various insolvency procedures are included in the Impact Assessment [“Small Business, Enterprise and Employment Bill: proposed changes to the law governing insolvency proceedings impact assessment”, BIS/14/935, 30 October 2014] and range from £144 in a bankruptcy to £420 for an administration.</p><p> </p><table><tbody><tr><td><p><strong>Process</strong></p></td><td><p><strong>Cost of meeting/£</strong></p></td></tr><tr><td><p>Creditors’ voluntary liquidation</p></td><td><p>294</p></td></tr><tr><td><p>Administration</p></td><td><p>420</p></td></tr><tr><td><p>Compulsory winding-up (official receiver)</p></td><td><p>144</p></td></tr><tr><td><p>Company voluntary arrangement</p></td><td><p>420</p></td></tr><tr><td><p>Bankruptcy (official receiver)</p></td><td><p>144</p></td></tr><tr><td><p>Individual voluntary arrangement</p></td><td><p>420</p></td></tr></tbody></table><p> </p><p> </p><p> </p> answering member constituency East Dunbartonshire answering member printed Jo Swinson question first answered 19/11/2014 14:32:04 answering member 1513 label Biography information for Jo Swinson
tabling member	3952 label Biography information for Mr Toby Perkins

143350

registered interest
date	07/11/2014
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	Insolvency
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, what estimate his Department has made of the saving to the public purse made by removing the provision for insolvency practitioners to call a physical creditor meeting.
tabling member constituency	Chesterfield
tabling member printed	Toby Perkins
uin	213842
answer	answer is ministerial correction date of answer 19/11/2014 answer text <p>The savings to creditors identified in the first year from removal of the requirement to hold a meeting and abolition of final meetings in liquidations and bankruptcies where the official receiver is not the office holder, are estimated to be at least £9.2m (comprised of £2.9m for removal of requirement for meetings and £6.3m for abolition of final meetings).</p><p> </p><p>We have not sought to quantify the savings to the public purse, such as the specific benefit to HMRC as a creditor. We have however estimated that around 10% of creditors are not businesses, so approximately £0.9m of savings can be attributed to such creditors as Crown departments, employees and customers for deposits.</p><p> </p><p>The savings figures are based on 2013 costs.</p> answering member constituency East Dunbartonshire answering member printed Jo Swinson question first answered 19/11/2014 14:34:37 answering member 1513 label Biography information for Jo Swinson
tabling member	3952 label Biography information for Mr Toby Perkins

143351

registered interest
date	07/11/2014
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	Insolvency
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Innovation and Skills, what estimate his Department has made of the proportion of (a) secured and (b) unsecured creditors who attend creditor meetings during an insolvency procedure.
tabling member constituency	Chesterfield
tabling member printed	Toby Perkins
uin	213843
answer	answer is ministerial correction date of answer 19/11/2014 answer text <p>There is no central record of how many creditors attend meetings in person, but evidence indicates that attendance at meetings is very low and that many meetings are not attended at all.</p><p> </p><p>The 2013 report, “Review of Insolvency Practitioner Fees” by Professor Elaine Kempson, estimated that only 4% of creditors attend meetings in person and that fully secured creditors seldom attend in person.</p><p> </p><p>The report goes on to say that two firms had actually calculated the percentage of creditors attending meetings in person. A large firm had calculated that 1% of creditors do so, and a smaller firm had calculated the amount to be 3.5%.</p> answering member constituency East Dunbartonshire answering member printed Jo Swinson question first answered 19/11/2014 14:33:03 answering member 1513 label Biography information for Jo Swinson
tabling member	3952 label Biography information for Mr Toby Perkins

114515

registered interest
date	05/11/2014
answering body	Department for Business, Innovation and Skills
answering dept id	26
answering dept short name	Business, Innovation and Skills
answering dept sort name	Business, Innovation and Skills
hansard heading	UK Membership of EU
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government what assessment they have made of the conclusions of <i>Where's the Insider Advantage</i>? <i>A review of the evidence that withdrawal from the EU would not harm the UK’s exports or foreign investment in the UK</i>, published by Civitas.
tabling member printed	Lord Pearson of Rannoch
uin	HL2689
answer	answer is ministerial correction date of answer 19/11/2014 answer text <p>The Civitas report aims to identify whether there are advantages to the UK of being an ‘EU insider’ in terms of setting the rules of the Single Market. The report focuses on growth in UK exports as the measure of this benefit. It does not account for the broader positive impacts of the Single Market on the UK, including enhanced competition and innovation at home.</p><p> </p><p> </p><p> </p><p>The report refers to Switzerland as an example of a county that has negotiated Free trade Agreements (FTA) as a non-member of the EU. The impact on the UK’s exports of withdrawal from the EU would depend on whether the UK could negotiate similar trade agreements’ to those it currently has as a member of the EU. It would also depend on the FTA that it could negotiate with the EU itself. Switzerland has to pay to be part of the EU single market and to negotiate sector by sector, but does not determine the rules.</p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p> answering member printed Lord Livingston of Parkhead question first answered 19/11/2014 14:58:58 answering member 4278 label Biography information for Lord Livingston of Parkhead
tabling member	3153 label Biography information for Lord Pearson of Rannoch