HC Deb 28 February 1996 vol 272 cc566-7W
Mr. Vaz

To ask the President of the Board of Trade when he expects the creditors of BCCI will receive their payments. [17348]

Mr. Oppenheim

The payment of the first dividend remains subject to the resolution of court proceedings in Luxembourg and the Cayman islands. The liquidators hope to be able to make such a payment by the summer of this year.

Mr. Vaz

To ask the President of the Board of Trade what is the current level of fees paid to the solicitors to the liquidators of BCCI. [17347]

Mr. Oppenheim

The fees paid to solicitors by the English liquidators of BCCI in the year to 15 January 1996, the fourth year of the liquidation, totalled approximately £5.2 million.

Mr. Vaz

To ask the President of the Board of Trade what is the current level of fees paid to the liquidators of BCCI Touche Ross. [17346]

Mr. Oppenheim

Total fees authorised for the English liquidators for the year to 15 January 1996, the fourth year of the liquidation, amounted to £9.4 million.