HC Deb 26 April 1994 vol 242 c109

Mr. Julian Brazier accordingly presented a Bill to make the holder of a floating charge liable for the fees of any administrative receiver appointed by him, such fees to be recoverable by the chargeholder from the assets of the debtor company, the debt ranking pari passu with unsecured creditors; to introduce a lien system into contract law so that contractor, sub-contractors and suppliers in the construction and building industry can register a lien against an employer's interest in the land or property, ensuring that, in the case of the employer failing, such contractors, sub-contractors and suppliers are repaid before any floating charge on the development project; and for connected purposes: And the same was read the First time; and ordered to be read a Second time upon Friday 24 June, and to be printed. [Bill 99.]