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
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- 2023-12-15 23:18:25 +0000
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