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1091615
star this property registered interest false more like this
star this property date less than 2019-03-19more like thismore than 2019-03-19
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
star this property answering dept short name Business, Energy and Industrial Strategy remove filter
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Company Voluntary Arrangements more like this
unstar this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government what plans they have, if any, to assess whether Company Voluntary Arrangements effectively protect the economic interests of HMRC, and those of creditors and property owners. more like this
star this property tabling member printed
Lord Myners more like this
star this property uin HL14661 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-03-27more like thismore than 2019-03-27
unstar this property answer text <p>Company voluntary arrangements are a valuable part of the restructuring framework and the Government does not intend to conduct a review of them at this time. A company voluntary arrangement allows a financially distressed company to restructure its debts and avoid liquidation or administration. Approval of more than 75% of creditors is required to pass a company voluntary arrangement and any creditor may still apply to court if it feels its interests are being unfairly prejudiced, this provides an important safeguard for creditors, including HMRC and property owners.</p> more like this
star this property answering member printed Lord Henley more like this
star this property question first answered
less than 2019-03-27T15:25:44.843Zmore like thismore than 2019-03-27T15:25:44.843Z
star this property answering member
2616
star this property label Biography information for Lord Henley remove filter
star this property tabling member
3869
unstar this property label Biography information for Lord Myners remove filter
1047842
star this property registered interest false more like this
star this property date less than 2019-01-24more like thismore than 2019-01-24
star this property answering body
Department for Business, Energy and Industrial Strategy more like this
star this property answering dept id 201 more like this
star this property answering dept short name Business, Energy and Industrial Strategy remove filter
star this property answering dept sort name Business, Energy and Industrial Strategy more like this
star this property hansard heading Patisserie Valerie: Insolvency more like this
unstar this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask Her Majesty's Government whether they have instructed the Insolvency Service to review matters relating to Patisserie Valerie and its ownership; and if not, why not. more like this
star this property tabling member printed
Lord Myners more like this
star this property uin HL13120 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2019-02-05more like thismore than 2019-02-05
unstar this property answer text <p>When a company enters administration, the administrators have to report to my rt. hon. Friend the Secretary of State for Business, Energy and Industrial Strategy on the conduct of the directors.</p><p> </p><p>In the case of Patisserie Valerie the Insolvency Service will be making early contact with the administrators and other authorities to discuss the directors’ conduct, and to consider whether further steps, such as a detailed investigation, may be necessary.</p><p> </p> more like this
star this property answering member printed Lord Henley more like this
star this property question first answered
less than 2019-02-05T12:41:35.26Zmore like thismore than 2019-02-05T12:41:35.26Z
star this property answering member
2616
star this property label Biography information for Lord Henley remove filter
star this property tabling member
3869
unstar this property label Biography information for Lord Myners remove filter