Proceeding contribution from Lembit Opik (Liberal Democrat) in the House of Commons on Thursday, 19 March 2009. It occurred during Legislative debate on Legislative Reform.

Legislative Reform

I am very encouraged by the tone of the Minister's comments, but is he aware that some of the insolvency practitioners at the higher level of management charge more than £700 an hour for their time? That means that the £600 saving he cited is negated in about 55 minutes when certain practitioners are employed. Can he therefore assure us that, as well as discussing the measure today, he will consider whether we have adequate protection against the charging of such enormously high costs in circumstances when, by definition, the companies involved do not have much money?

Secondary information

Type: Proceeding contribution
Reference: 489 c1076
Session: 2008-09
Chamber / Committee: House of Commons chamber
Subjects: Companies Advertising Costs Insolvency Internet Newspaper press Publicity Local press Legislative reform orders London Gazette
Legislation: Legislative Reform (Insolvency) (Advertising Requirements) Order 2009
Link: View this Proceeding contribution on www.publications.parliament.uk

Legislative Reform

Secondary information

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