§ Andrew GeorgeTo ask the Secretary of State for Environment, Food and Rural Affairs what the anticipated costs are of meeting the claims arising from the ruling over the Factortame case brought by owners of flag of convenience vessels. [4358]
§ Mr. MorleySettlement has been reached with all the applicants involved in the Factortame litigation with the exception of two who are appealing against the rejection of their claims by the court. Under the terms of the settlement the total sum of damages paid is £55 million which includes some £26 million interest. The legal costs of the applicants, liability for which was accepted as part of the settlement agreements, are the subject of further legal proceedings and will not be assessed until these are completed. The claims submitted by the applicants totalled some £285 million before interest.