Lord Harrison – 2016 Parliamentary Question to the Department for Business, Innovation and Skills

The below Parliamentary question was asked by Lord Harrison on 2016-02-26.

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.

Baroness Neville-Rolfe

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.