HC Deb 17 December 1979 vol 976 c43W
Mr. Grylls

asked the Secretary of State for Trade if it is his intention to introduce legislative changes to ensure that parent companies would be liable for the debts of their subsidiaries unless stated publicly to the contrary; and if he will make a statement.

Mr. Eyre

This is one of the suggestions which has been put to the committee, chaired by Sir Kenneth Cork, which is reviewing the whole field of insolvency law. It is not intended to introduce legislative changes in this field until the Cork committee has reported.