Written question asked by Lord Taylor of Goss Moor (Liberal Democrat) on Friday, 15 November 2002, in the House of Commons. It was due for an answer on Monday, 25 November 2002. It was answered by Bill Rammell (Labour) on Monday, 25 November 2002 on behalf of the Foreign and Commonwealth Office.

Foreign and Commonwealth Office

Question: To ask the Secretary of State for Foreign and Commonwealth Affairs, if his Department will incur financial penalties in the event of Global Crossing becoming bankrupt; and if he will make a statement.

Answer: Matthew Taylor: To ask the Secretary of State for Foreign and Commonwealth Affairs if his Department will incur financial penalties in the event of Global Crossing becoming bankrupt; and if he will make a statement. [82038] Mr. Rammell: The FCO would incur no financial or contractual penalties in the event of Global Crossing being declared bankrupt but would assume financial commitments in either appointing a new prime contractor or in taking on the role of prime contractor to ensure continuation of service. The FCO is monitoring Global Crossing's progress towards a successful exit from Chapter 11 protection.

Secondary information

Type: Written question
Reference: 82038; 395 c80W
Session: 2002-03
Subjects: Bankruptcy Fixed penalties Telecommunications Foreign and Commonwealth Office Global Crossing
Link: View this Written question on www.publications.parliament.uk