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Proceeding contribution from Lord Hodgson of Astley Abbotts (Conservative) in the House of Lords on Tuesday, 28 March 2006. It occurred during Debate on bill and Committee proceeding on Company Law Reform Bill [HL].


Company Law Reform Bill [HL]

I stand corrected. The reality is, though, that when the panel comes to see what is just and reasonable, it will seek to put the person into the same financial position as he would have been if the rule had not been breached. That is the practice it will almost certainly be following, so our amendment was aimed at creating a certainty—although I will accept that it has inflexibility attached to it—that this procedure was likely to be followed on most occasions. We will have another look at this, but in the mean time I beg leave to withdraw the amendment. Amendment, by leave, withdrawn. [Amendments Nos. A154B and A154C not moved.] Clause 629 agreed to. Clause 630 [Enforcement by the court ]: [Amendment No. A154D not moved.]


Secondary information

Type
Proceeding contribution
Reference
680 c312GC 
Session
2005-06
Chamber / Committee
House of Lords Grand Committee
Subjects
Disclosure of information Appeals Accountancy Company law Companies Directors Finance EU law Foreign companies Registration Shares Reform Shareholders Takeovers Takeover Panel
Legislation
Company Law Reform Bill (HL) 2005-06
Link
View this Proceeding contribution on www.publications.parliament.uk