Asked by: Roger Mullin (Scottish National Party - Kirkcaldy and Cowdenbeath)
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what discussions he has had with relevant stakeholders on the potential effect on the UK's insolvency and restructuring regime of the UK leaving the EU.
Answered by Margot James
Over the past few months the Government has engaged with businesses and key stakeholders up and down the country including those with interests in the UK’s insolvency and restructuring regime, and will continue to do so going forward. We are listening to their concerns and aiming to limit uncertainty in the transition to ensure our new relationship with the EU works for business.
It is vital now, more than ever, that we have open and honest conversations about both the challenges that leaving the EU poses, but crucially also the opportunities that will become open to us.
Asked by: Roger Mullin (Scottish National Party - Kirkcaldy and Cowdenbeath)
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment his Department has made of the potential effect on the UK's insolvency and restructuring regime of the UK leaving the EU.
Answered by Margot James
Departments are undertaking a comprehensive analysis, including engagement with as many organisations, companies and institutions as possible, including those connected with the UK’s insolvency and restructuring regime. This will allow the Government to understand the impact that withdrawal from the EU will have on businesses and consumers, and to seize the opportunities of leaving the EU.
Asked by: Roger Mullin (Scottish National Party - Kirkcaldy and Cowdenbeath)
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, how many director disqualifications in relation to convictions abroad there have been under section 104 of the Small Business, Enterprise and Employment Act 2015.
Answered by Margot James
There have been no director disqualifications in relation to convictions abroad under section 104 of the Small Business, Enterprise and Employment Act 2015
Asked by: Roger Mullin (Scottish National Party - Kirkcaldy and Cowdenbeath)
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what the total value is of fines for companies' offences under sections 21, 22 and 23 of the Company, Limited Liability Partnership and Business (Names and Trading Disclosures) Regulations 2015 since 31 January 2015.
Answered by Margot James
The total value of fines collected since 31st January 2015 for companies’ officers’ offences under the sections referred to is nil.