§ 21. Mr. Tilleyasked the Minister for Trade if he will now introduce legislation to make directors personally responsible for the debts of insolvent companies where there has been wrongful trading, along the lines of recommendations in the Cork report on insolvency.
§ Dr. VaughanMany of the recommendations in the Cork report, including the concept of wrongful trading, are inter-related and interdependent. I am, however, concerned that there appear to be certain abuses in this area which call for early attention and accordingly I am considering whether there is any scope for early action.