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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