Author Archives: Giles Frampton

Giles Frampton

The Independent View: Ministry of Justice costs reforms undermine Vince Cable’s aim of tackling rogue directors

By Giles Frampton | Wed 22nd October 2014 - 1:24 pm

Statue of Justice - The Old BaileyA key message the Business Secretary Vince Cable has been keen to stress during his time in government is the need to tackle rogue directors: he’s announced plans to produce “stronger deterrents” and “more robust sanctions” to quash ‘dodgy directors’. Dr Cable’s – and insolvency minister Jo Swinson’s – policies on protecting creditors from rogue directors are certainly worth developing, but they are at risk of being undermined by policies being put forward by the Ministry of Justice.

The Ministry of Justice has been seeking to tackle the costs of litigation, but its reforms will end up having a big impact on the insolvency profession’s ability to combat rogue directors and will have disastrous and costly consequences for small business creditors and the taxpayer.

Continue reading »
Posted in Op-eds and The Independent View | Tagged , and | 1 Comment
Advert



Recent Comments

  • Alex Hosking
    TBF, I don't think either side is great on free speech these days, so many people don't get it and just resort to ad hominem. It would be good if we as a part b...
  • graham
    Thanks Mark. I too enjoyed the film Conclave which is based on Robert Harris`s novel of the same name which is a page turner. Like the previous film "Two Popes"...
  • Daniel Stylianou
    Morgan - looking to the Australian model doesn’t really help because members of their Senate are directly elected, just as in the US system. It goes back to t...
  • Craig Levene
    Sarah Campion, Dan Carden , Andy Burnham. Have all called for a further enquiry, & rightly so. Reading Dan's statement, it certainly resonates. These horrif...
  • Paul Barker
    Just on the point of comparison, I know from experience that German Trains are much worse than those around London & The South-East. Again, they seem to ha...