Written question asked by Janet Daby (Labour) on Monday, 14 October 2019, in the House of Commons. It was due for an answer on Wednesday, 16 October 2019. It was answered by John Glen (Conservative) on Tuesday, 22 October 2019 on behalf of the Treasury.
Bank Mellat
- Question
-
To ask the Chancellor of the Exchequer, if he will publish (a) the amount paid to Bank Mellat to settle their recent lawsuit against the Government and (b) how much the Government spent on defending the claim.
- Answer
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Bank Mellat’s claims have now been concluded and the amount paid in respect of the settlement was €91,352,709.35. HM Treasury made a payment of £1.01m in 2013/14 towards Bank Mellat’s legal costs following Bank Mellat’s previous success in the Supreme Court. Beyond this payment and the cost of settlement, the total HM Treasury costs associated with defending the Bank Mellat case as at 14th October are £19,715,202.91. This sum was spent on a variety of legal and expert costs over the course of 10 years defending the case, following Bank Mellat’s original claim of damages of $4.3 billion.
Secondary information
- Type
- Written question
- Reference
- 337
- Session
- 2019-19
- Subjects
- Civil proceedings Finance Expenditure Bank Mellat
- Contains statistics
- Yes
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2019-12-16 10:45:24 +0000
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2019-19/337
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2019-19/337
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2019-19/337