Question to the Department for Business, Innovation, Science and Trade:

To ask the Secretary of State for Business, Innovation, Science and Trade, what requirements apply to insolvency practitioners to consider information concerning ongoing Insolvency Service investigations before assigning civil claims arising from related circumstances.

There is no general statutory requirement for an insolvency practitioner to check with, or defer to, an ongoing Insolvency Service investigation before assigning a civil claim. Insolvency practitioners are, however, subject to statutory reporting requirements concerning the conduct of directors of insolvent companies, including a requirement to provide relevant new information to the Secretary of State. These obligations continue to apply where the information concerns matters which also give rise to a potential claim.