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Oral question asked in the House of Lords, by Baroness Gardner of Parkes (Conservative). It was answered by Lord Drayson (Labour) on Thursday, 11 March 2010.


Debt: Insolvency Laws

Question
To ask Her Majesty’s Government what action they will take to prevent foreign companies using "pre-pack" insolvency laws to avoid debts.
Answer

My Lords, the Government recognise the concerns surrounding the use of pre-pack administrations and foreign companies relocating to the United Kingdom. It is important that we rigorously monitor the system and root out any abuse.


Secondary information

Type
Oral question
Reference
718 c342 
Session
2009-10
Oral question type
Lead
Procedure
Topical questions (HL)
Chamber / Committee
House of Lords chamber
Subjects
Debts Insolvency Foreign companies
Link
View this Oral question on www.publications.parliament.uk