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348526
registered interest false more like this
date less than 2015-06-04more like thisremove minimum value filter
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury remove filter
hansard heading Business: Finance more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask Mr Chancellor of the Exchequer, what steps he is taking to protect viable businesses from distressed securities funds. more like this
tabling member constituency Belfast South more like this
tabling member printed
Dr Alasdair McDonnell remove filter
uin 1221 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2015-06-09more like thismore than 2015-06-09
answer text <p>Many businesses rely on funding and advice from creditors such as Private Equity funds for restructuring purposes, and have used this support to strengthen their business. However, it is inevitable that some businesses cannot overcome their financial difficulties. It is right that those who invest in businesses are allowed compensation in the event the company defaults on their debt.</p><p> </p><p> </p><p> </p><p>However, the government understands the importance of protecting businesses from unfair or predatory practices by creditors. Anti-asset stripping measures were introduced under the Alternative Investment Fund Managers Directive (AIFMD), which includes specific measures to address concerns about predatory creditors.</p><p> </p><p> </p><p> </p> more like this
answering member constituency West Worcestershire more like this
answering member printed Harriett Baldwin more like this
question first answered
less than 2015-06-09T16:37:09.94Zmore like thismore than 2015-06-09T16:37:09.94Z
answering member
4107
label Biography information for Dame Harriett Baldwin more like this
tabling member
1596
label Biography information for Dr Alasdair McDonnell more like this