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<p>Responsibility for assessing the conduct and performance of insolvency practitioners
in their role as Administrators falls to the Regulatory Professional Body of which
they are a member. The role of the Secretary of State, through the Insolvency Service,
is to ensure that these bodies are effectively undertaking their regulatory functions.</p><p>
</p><p>In June 2014, an Employment Tribunal judgement was handed down which was critical
of the role of the Administrators (from Deloitte) in their handling of redundancies
involving approximately 6,500 employees following the collapse of Comet, a large national
retailer of electrical goods. The judgement was referred by the Insolvency Service
to the Administrators’ Regulatory Professional Body, the Institute of Chartered Accountants
in England and Wales for consideration of disciplinary action. That investigation
is currently on-going.</p><p> </p><p>An Employment Tribunal had previously made criticisms
of the Administrators of WW Realisations 1 Limited formerly known as Woolworths (also
from Deloitte). That matter was also referred by the Insolvency Service to the Institute
of Chartered Accountants of England and Wales for consideration. No disciplinary action
was taken as a result of that investigation.</p><p> </p><p> </p><p> </p>
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