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1204234
registered interest false more like this
date less than 2020-06-16more like thismore than 2020-06-16
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Insolvency: Subsidiary Companies more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text Her Majesty's Government what assessment they have made of businesses using pre-pack administration processes to buy back subsidiaries at a discounted rate while failing to repay creditors. more like this
tabling member printed
Lord Mendelsohn remove filter
uin HL5791 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2020-06-29more like thismore than 2020-06-29
answer text <p>The Insolvency Service has carried out an assessment of the impact of voluntary measures introduced in 2015 to improve transparency and confidence in pre-pack sales to connected parties in administration. The findings will be published in due course.</p><p> </p><p>There is some protection in insolvency legislation for unsecured creditors in the form of the “prescribed part”, which is the amount of a company’s assets that must be reserved for the benefit of unsecured creditors when it enters administration.</p> more like this
answering member printed Lord Callanan more like this
question first answered
less than 2020-06-29T15:15:01.863Zmore like thismore than 2020-06-29T15:15:01.863Z
answering member
4336
label Biography information for Lord Callanan more like this
tabling member
4286
label Biography information for Lord Mendelsohn more like this
1204236
registered interest false more like this
date less than 2020-06-16more like thismore than 2020-06-16
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Insolvency: Tax Havens more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
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. more like this
tabling member printed
Lord Mendelsohn remove filter
uin HL5792 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2020-06-29more like thismore than 2020-06-29
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> more like this
answering member printed Lord Callanan more like this
question first answered
less than 2020-06-29T15:17:13.063Zmore like thismore than 2020-06-29T15:17:13.063Z
answering member
4336
label Biography information for Lord Callanan more like this
tabling member
4286
label Biography information for Lord Mendelsohn more like this
1204237
registered interest false more like this
date less than 2020-06-16more like thismore than 2020-06-16
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Insolvency: Small Businesses more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text Her Majesty's Government what assessment they have made of the impact of pre-pack administrations on SME creditors. more like this
tabling member printed
Lord Mendelsohn remove filter
uin HL5793 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2020-06-29more like thismore than 2020-06-29
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> more like this
answering member printed Lord Callanan more like this
question first answered
less than 2020-06-29T15:17:24.003Zmore like thismore than 2020-06-29T15:17:24.003Z
answering member
4336
label Biography information for Lord Callanan more like this
tabling member
4286
label Biography information for Lord Mendelsohn more like this
1204238
registered interest false more like this
date less than 2020-06-16more like thismore than 2020-06-16
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Insolvency more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
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. more like this
tabling member printed
Lord Mendelsohn remove filter
uin HL5794 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2020-06-29more like thismore than 2020-06-29
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> more like this
answering member printed Lord Callanan more like this
question first answered
less than 2020-06-29T15:17:40.463Zmore like thismore than 2020-06-29T15:17:40.463Z
answering member
4336
label Biography information for Lord Callanan more like this
tabling member
4286
label Biography information for Lord Mendelsohn more like this
1204239
registered interest false more like this
date less than 2020-06-16more like thismore than 2020-06-16
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Insolvency more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text Her Majesty's Government what plans they have to make it mandatory for large businesses to notify the Pre Pack Pool of proposed Pre-pack administration deals. more like this
tabling member printed
Lord Mendelsohn remove filter
uin HL5795 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2020-06-29more like thismore than 2020-06-29
answer text <p>The Insolvency Service continues to work with regulators and industry stakeholders to discuss options for strengthening the professional standards for insolvency practitioners and give greater assurance to creditors where a sale in a prepack administration is to a connected party.</p> more like this
answering member printed Lord Callanan more like this
question first answered
less than 2020-06-29T15:17:58.413Zmore like thismore than 2020-06-29T15:17:58.413Z
answering member
4336
label Biography information for Lord Callanan more like this
tabling member
4286
label Biography information for Lord Mendelsohn more like this
1204240
registered interest false more like this
date less than 2020-06-16more like thismore than 2020-06-16
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Insolvency more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
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. more like this
tabling member printed
Lord Mendelsohn remove filter
uin HL5796 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2020-06-29more like thismore than 2020-06-29
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> more like this
answering member printed Lord Callanan more like this
question first answered
remove maximum value filtermore like thismore than 2020-06-29T15:18:16.577Z
answering member
4336
label Biography information for Lord Callanan more like this
tabling member
4286
label Biography information for Lord Mendelsohn more like this
1195975
registered interest false more like this
date less than 2020-05-14more like thismore than 2020-05-14
answering body
Home Office more like this
answering dept id 1 more like this
answering dept short name Home Office more like this
answering dept sort name Home Office more like this
hansard heading Cybercrime: Coronavirus more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government what assessment they have made of the impact of COVID-19 on cybercrime rates; and what plans they have to address any rise in cybercrime linked to COVID-19. more like this
tabling member printed
Lord Mendelsohn remove filter
uin HL4521 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2020-05-29more like thismore than 2020-05-29
answer text <p>The Home Office and its operational partners continue to monitor and respond to the cyber crime threat during the COVID-19 pandemic. Current assessments have not indicated an increase in reporting linked to COVID-19. However, cyber criminals are exploiting COVID-19 as an unparalleled opportunity to conduct criminal activity using social engineering, capitalising on people’s anxieties about the pandemic.</p><p> </p><p>On 21 April, the Government launched a revised Cyber Aware campaign to coincide with the launch of the NCSC’s new Suspicious Email Reporting service. The NCA have also launched an advertorial on the popular Games Radar website to deliver PREVENT messaging during the COVID-19 pandemic as the public spend more time online. The advert is designed to deter young people away from becoming involved in cyber-criminality.</p><p>We have also recently launched a gov.uk page on coronavirus-related fraud and cybercrime. The page includes easy-to-follow steps for people to better protect themselves and signposts other relevant advice and tips. It can be found here: https://www.gov.uk/government/publications/coronavirus-covid-19-fraud-and-cyber-crime.</p>
answering member printed Baroness Williams of Trafford more like this
question first answered
less than 2020-05-29T14:02:06.223Zmore like thismore than 2020-05-29T14:02:06.223Z
answering member
4311
label Biography information for Baroness Williams of Trafford more like this
tabling member
4286
label Biography information for Lord Mendelsohn more like this
1195976
registered interest false more like this
date less than 2020-05-14more like thismore than 2020-05-14
answering body
Cabinet Office more like this
answering dept id 53 more like this
answering dept short name Cabinet Office more like this
answering dept sort name Cabinet Office more like this
hansard heading National Cyber Security Centre: Finance more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government what was the budget of the National Cyber Security Centre in (1) 2016/17, (2) 2017/18, (3) 2018/19, and (4) 2019/20; and what is it for 2020/21. more like this
tabling member printed
Lord Mendelsohn remove filter
uin HL4522 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2020-05-29more like thismore than 2020-05-29
answer text <p>The National Cyber Security Strategy supported by a £1.9 billion investment through the National Cyber Security Programme, is delivering transformational change, building new capabilities and intervening to protect the UK from cyber attacks.</p><p>We established the National Cyber Security Centre in October 2016 as part of the National Cyber Security Strategy to bring together our best intelligence and expertise into a single national technical authority, driving improvements in detection, defence and incident management.</p><p>Our manifesto committed to investing more in cyber security, embracing new technologies and legislating to make the UK the safest place in the world to be online.</p><p> </p> more like this
answering member printed Lord True more like this
question first answered
less than 2020-05-29T09:43:01.443Zmore like thismore than 2020-05-29T09:43:01.443Z
answering member
4200
label Biography information for Lord True more like this
tabling member
4286
label Biography information for Lord Mendelsohn more like this
1195977
registered interest false more like this
date less than 2020-05-14more like thismore than 2020-05-14
answering body
Cabinet Office more like this
answering dept id 53 more like this
answering dept short name Cabinet Office more like this
answering dept sort name Cabinet Office more like this
hansard heading Cybercrime: Coronavirus more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government what plans they have to make additional resources available to the National Cyber Security Centre to address any rise in cybercrime linked to COVID-19; and, if so, what those resources will be. more like this
tabling member printed
Lord Mendelsohn remove filter
uin HL4523 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2020-05-28more like thismore than 2020-05-28
answer text <p>The National Cyber Security Centre (NCSC) is deploying its full range of capabilities in tackling the cyber threat during the Covid-19 crisis.</p><p>The NCSC, National Crime Agency and partners in the UK and overseas are working together to tackle cyber threats, publishing guidance and identifying and removing malicious sites. This includes working closely with the NHS to keep their systems and the healthcare sector safe as we see a greater demand on their services during this period. We are able to draw upon these resources, because of the implementation of the 2016 National Cyber Security Strategy.</p><p>The Covid-19 crisis means that the UK is now more reliant on home working and online services than ever before. In April, the NCSC, alongside Cabinet Office, DCMS and Home Office relaunched the Cyber Aware campaign, which advises the public of the simple steps they can take to protect themselves online.</p><p>We recognise the importance of not losing momentum on our response to cyber security and of continuing to build on the capabilities we have developed; this will be considered as part of the Government's next Spending Review.</p>
answering member printed Lord True more like this
question first answered
less than 2020-05-28T11:58:01.94Zmore like thismore than 2020-05-28T11:58:01.94Z
answering member
4200
label Biography information for Lord True more like this
tabling member
4286
label Biography information for Lord Mendelsohn more like this
1182483
registered interest false more like this
date less than 2020-03-03more like thismore than 2020-03-03
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Business: Billing more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government, further to the Written Answer by Lord Callanan on 26 February (HL1665), what proportion of businesses who have signed up to the Prompt Payment Code have their (1) procurement and purchasing policy, (2) 'how to get paid' details, and (3) responsible board director, listed on the Prompt Payment Code website. more like this
tabling member printed
Lord Mendelsohn remove filter
uin HL2185 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2020-03-16more like thismore than 2020-03-16
answer text <p>Data provided by the Chartered Institute of Credit Management states that (1) 6% of Code signatories (153 of 2,472) have provided their procurement and purchasing policy; (2) 49% (1,205 of 2,472) have provided their ‘how to get paid’ details; and 54% (1,329 of 2,472) have provided their responsible board director information for inclusion on the Prompt Payment Code website.</p> more like this
answering member printed Lord Callanan more like this
question first answered
less than 2020-03-16T12:48:45.247Zmore like thismore than 2020-03-16T12:48:45.247Z
answering member
4336
label Biography information for Lord Callanan more like this
tabling member
4286
label Biography information for Lord Mendelsohn more like this