§ Mr. David PorterTo ask the President of the Board of Trade which statutes govern the responsibilities of administrative receivers called in to British companies, with particular reference to the realisation of the value of assets; and if he will make a statement.
§ Mr. Neil HamiltonThe statutes which govern the responsibilities of administrative receivers are the Insolvency Act 1986, the Company Directors Disqualification Act and secondary legislation made thereunder. Certain duties including those in relation to the realisation of assets are governed by common law.