Proceeding contribution from Lord Myners (Labour) in the House of Lords on Monday, 16 March 2009. It occurred during Debates on delegated legislation on Bradford and Bingley plc Compensation Scheme (Amendment) Order 2009.
Bradford and Bingley plc Compensation Scheme (Amendment) Order 2009
We have been informed that certain parties have declined to provide information to the independent valuer. I am not in a position to identify those parties. Should the valuer continue to seek information from them, and it is not forthcoming, the valuer may apply to the court, which will then assess whether the information should be provided. That is a very careful process, in which the court exercises the ultimate judgment as to whether the valuer has made a case that the information is necessary to the valuation process, and in which parties’ rights are appropriately and sensibly protected while facilitating the completion of a professional and independent valuation. Motion agreed to.
Secondary information
- Type
- Proceeding contribution
- Reference
- 709 c22-3GC
- Session
- 2008-09
- Chamber / Committee
- House of Lords Grand Committee
- Subjects
- Compensation Banks Nationalisation Shares Shareholders Northern Rock Bradford and Bingley
- Legislation
- Bradford and Bingley plc Compensation Scheme (Amendment) Order 2009
- Northern Rock plc Compensation Scheme (Amendment) Order 2009
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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- 2024-04-22 02:25:05 +0100
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