Contributions
973 recent contributions in Hansard
HANSARDRating (Coronavirus) and Directors Disqualification (Dissolved Companies) Bill (Second sitting)Q I have one final question. The legislation as it stands would set a three-year time limit on any application for disqualification, starting from when the company was dissolved.…06 Jul 2021HANSARDTopical QuestionsThis morning the Government tweeted to tell us that about 1.7 million businesses had been allowed to borrow money under the various coronavirus loan schemes. Do they also intend…06 Jul 2021HANSARDRating (Coronavirus) and Directors Disqualification (Dissolved Companies) Bill (First sitting)One of the witnesses this afternoon is from the Chartered Institute of Public Finance and Accountancy. I am a member of that institute.06 Jul 2021HANSARDRating (Coronavirus) and Directors Disqualification (Dissolved Companies) Bill (First sitting)Q Good morning, Mr Pegge. You have described the loophole of company directors being able to dissolve the company in order to avoid their liabilities. Another way that directors…06 Jul 2021HANSARDRating (Coronavirus) and Directors Disqualification (Dissolved Companies) Bill (First sitting)Q You also mentioned, as some other witnesses have, what is known as phoenixing. There is a variant of that practice whereby, rather than creating a new company immediately after…06 Jul 2021HANSARDRating (Coronavirus) and Directors Disqualification (Dissolved Companies) Bill (First sitting)Q Finally, I want to look at the retrospective nature of some of the provisions from a legal point of view. First, do you have any concerns not about the principle of creating a…06 Jul 2021HANSARDRating (Coronavirus) and Directors Disqualification (Dissolved Companies) Bill (First sitting)Q Good morning, Mr Kerr. May I come back to the retrospective nature of parts of the legislation? The three-year period will be permitted because that is what the current…06 Jul 2021HANSARDRating (Coronavirus) and Directors Disqualification (Dissolved Companies) Bill (Second sitting)Q Good afternoon, Mr Agathangelou. Picking up on your last point, I do not know if you are aware that a couple of amendments have been tabled that would require the Minister to…06 Jul 2021HANSARDRating (Coronavirus) and Directors Disqualification (Dissolved Companies) Bill (First sitting)Q Good morning again, Mr Pegge. I apologise because I think I mispronounced your name earlier because I tried to read it without my glasses on. In an earlier answer, you referred…06 Jul 2021HANSARDRating (Coronavirus) and Directors Disqualification (Dissolved Companies) Bill (Second sitting)Q One final question, if I may, that ties together two of your previous answers. You said that you had certain knowledge of the type of scams that you just described, perpetrated…06 Jul 2021HANSARDRating (Coronavirus) and Directors Disqualification (Dissolved Companies) Bill (Second sitting)Q Good afternoon, Mr Swift. May I pick up on something you referred to and which was mentioned in the submission to us yesterday from your colleagues at R3? You said that there…06 Jul 2021HANSARDRating (Coronavirus) and Directors Disqualification (Dissolved Companies) Bill (Second sitting)Q One solution that has been mooted— a partial solution—is that where an administrator or a liquidator makes a report beyond a given standard of belief that there has been serious…06 Jul 2021HANSARD Financial Conduct Authority and Blackmore Bond plcI think the sky would fall down if I did not give way to the hon. Gentleman.30 Jun 2021HANSARD Financial Conduct Authority and Blackmore Bond plcThe hon. Gentleman is absolutely correct. Ultimately, the regulator is us. If we highlight deficiencies in the system, we must try to get them put right. That is partly why I was…30 Jun 2021HANSARD Financial Conduct Authority and Blackmore Bond plcFor the second time in a few days, the hon. Gentleman has managed to read my notes a couple of paragraphs ahead of me. I am going to come on to that. My concerns cover not just…30 Jun 2021HANSARD Financial Conduct Authority and Blackmore Bond plcThe Minister gave the same dates on Amyma as me—between 2018 and 2019. Did it not strike him, as it struck me, that Amyma was an appointed representative of another company, but…30 Jun 2021HANSARD Financial Conduct Authority and Blackmore Bond plcBefore we adjourn, I wish to draw the attention of the House to the collapse last year of Blackmore Bond plc and in particular to look at what the Financial Conduct Authority did,…30 Jun 2021HANSARDEmergency Covid ContractsThe question is not about the emergency use of funds to buy lifesaving vaccines and equipment; it is about the deliberate misappropriation of those funds for political canvassing…29 Jun 2021HANSARD Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) BillI note the Minister’s comments that directors can be held personally liable, but does he accept that allowing an individual investor or creditor to sue a director at their own…28 Jun 2021HANSARD Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) BillI do not know whether the hon. Gentleman was reading through the back of my notes, but he is only about five or six lines ahead of what I was going to say. I do not know whether…28 Jun 2021