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Proceeding contribution from Keith Vaz (Labour) in the House of Commons on Thursday, 20 November 2008. It occurred during Adjournment debate on Bank of Credit and Commerce International.


Bank of Credit and Commerce International

My right hon. Friend must know that every time the creditors' committee wants to challenge the liquidators' fees, it has to go to court and do so before a judge, which means more money being spent out of the bank. It has to pay its lawyers, the costs involved and the liquidators' costs, if it loses. Every time it makes a challenge, more money is spent on fees. That is the problem.


Secondary information

Type
Proceeding contribution
Reference
483 c466 
Session
2007-08
Chamber / Committee
House of Commons chamber
Subjects
Bank services Banks Bankruptcy Bank of Credit and Commerce International
Link
View this Proceeding contribution on www.publications.parliament.uk