Insolvency

(asked on 26th February 2016) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask Her Majesty’s Government what work they are doing to promote the UK's insolvency regime to the European Commission as it develops its plans for an insolvency directive.


Answered by
Baroness Neville-Rolfe Portrait
Baroness Neville-Rolfe
Shadow Minister (Treasury)
This question was answered on 8th March 2016

My officials have regular discussions with Commission officials on this matter. Insolvency experts have also had such discussions to ensure they are aware of the features and strengths of our insolvency regime. The Commission has announced its intention to publish a legislative initiative on corporate insolvency in late 2016. This is to be preceded by a consultation to be published this spring. The Government will be responding to the consultation.

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