Show Search Form

Search Results

registered interest	true false
date	exactly: or between: and
answering body
answering dept id
answering dept short name
answering dept sort name
hansard heading
house id
legislature	pref label
question text
tabling member printed
uin
answer	is ministerial correction true false date of answer exactly: or between: and answer text answering member printed question first answered answering member label
tabling member	label

Search

1204236

registered interest
date	16/06/2020
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Insolvency: Tax Havens
house id	2
legislature	25277 pref label House of Lords
question text	Her Majesty's Government what assessment they have made of the use of pre-pack administrations by businesses that have previously extracted large dividends through subsidiaries based in tax havens.
tabling member printed	Lord Mendelsohn
uin	HL5792
answer	answer is ministerial correction date of answer 29/06/2020 answer text <p>There has been no assessment by Government of the use of pre-pack administrations by businesses that have previously extracted large dividends through subsidiaries based in tax havens.</p><p> </p><p>The Insolvency Service has, however, carried out an assessment of the impact of voluntary measures introduced in 2015 to improve transparency and confidence in pre-pack sales in administration. The findings will be published in due course.</p> answering member printed Lord Callanan question first answered 29/06/2020 15:17:13 answering member 4336 label Biography information for Lord Callanan
tabling member	4286 label Biography information for Lord Mendelsohn

1204237

registered interest
date	16/06/2020
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Insolvency: Small Businesses
house id	2
legislature	25277 pref label House of Lords
question text	Her Majesty's Government what assessment they have made of the impact of pre-pack administrations on SME creditors.
tabling member printed	Lord Mendelsohn
uin	HL5793
answer	answer is ministerial correction date of answer 29/06/2020 answer text <p>The Government has not carried out a specific assessment of the impact of prepacks on SMEs. However, the Insolvency Service has reviewed the impact of voluntary measures introduced in 2015 to improve transparency and confidence in pre-pack sales in administration, including the impact on creditors and its findings will be issued in due course.</p> answering member printed Lord Callanan question first answered 29/06/2020 15:17:24 answering member 4336 label Biography information for Lord Callanan
tabling member	4286 label Biography information for Lord Mendelsohn

1204238

registered interest
date	16/06/2020
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Insolvency
house id	2
legislature	25277 pref label House of Lords
question text	Her Majesty's Government what plans they have to address the Pre Pack Pool Oversight Group’s suggestion that the Pre Pack Pool is “unsustainable” unless referrals of pre-pack sales to the Pool are made mandatory.
tabling member printed	Lord Mendelsohn
uin	HL5794
answer	answer is ministerial correction date of answer 29/06/2020 answer text <p>There has been a very low number of referrals to the Pre-Pack Pool which was set up by industry to provide opinions on a voluntary basis on pre-pack sales in administration to connected parties.</p><p> </p><p>However, the Government continues to work with regulators and industry stakeholders to discuss options for strengthening the professional standards for insolvency practitioners to give greater assurance to creditors where a sale is to a connected party.</p> answering member printed Lord Callanan question first answered 29/06/2020 15:17:40 answering member 4336 label Biography information for Lord Callanan
tabling member	4286 label Biography information for Lord Mendelsohn

1204240

registered interest
date	16/06/2020
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Insolvency
house id	2
legislature	25277 pref label House of Lords
question text	Her Majesty's Government what assessment they have made of (1) the effectiveness of the Pre Pack Pool, and (2) the proportion of eligible cases being referred for review dropping to 10 per cent, according to the Pre-Pack Pool’s latest Annual Report.
tabling member printed	Lord Mendelsohn
uin	HL5796
answer	answer is ministerial correction date of answer 29/06/2020 answer text <p>The Pre-Pack Pool is one of a number of voluntary measures introduced in November 2015 to improve transparency and confidence in pre-pack sales in administration. The Insolvency Service has carried out an assessment of the impact of these measures and will publish its findings in due course.</p> answering member printed Lord Callanan question first answered 29/06/2020 15:18:16 answering member 4336 label Biography information for Lord Callanan
tabling member	4286 label Biography information for Lord Mendelsohn