Corporate Insolvency and Governance Bill — Report (and remaining stages) — Amendment 45 — 23 Jun 2020 at 18:15

Moved by Lord Hodgson of Astley Abbotts

45: After Clause 17, insert the following new Clause-“Review of pre-pack transactionsIn Schedule B1 to the Insolvency Act 1986, after paragraph 74 insert-“Review of pre-pack transactions(1) The assets of a company may not be transferred under the terms of a pre-pack transaction unless the proposed purchaser has obtained an opinion in writing from a member of the pre-pack pool that the transaction is not unreasonable.(2) In this paragraph, a “pre-pack transaction” means a transaction which is negotiated before a company enters administration, and under which all or a substantial part of the company’s assets are sold to an associate on or shortly after the appointment of an administrator.(3) For the purposes of sub-paragraph (2), “associate” has the meaning given in section 435 of the Insolvency Act 1986.””Member’s explanatory statementThis new Clause requires a positive opinion to be obtained from a member of the pre-pack pool before a company enters into a pre-pack transaction. The pre-pack pool is an independent body of experienced business people set up in response to the recommendations of Teresa Graham’s report.

Ayes 155, Noes 326.

Debate in Parliament |

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Party Summary

Votes by party, red entries are votes against the majority for that party.

What is Tell? '+1 tell' means that in addition one member of that party was a teller for that division lobby.

What is Turnout? This is measured against the total membership of the party at the time of the vote.

PartyMajority (Not-Content)Minority (Content)Turnout
Con193 1068.6%
Crossbench16 4429.7%
DUP0 360.0%
Green0 150.0%
Independent Labour0 1100.0%
Independent Liberal Democrat0 1100.0%
Judge1 113.3%
Lab105 1252.0%
LDem1 8075.0%
Non-affiliated7 228.1%
PC1 050.0%
UUP2 0100.0%
Total:326 15554.0%

Rebel Voters - sorted by vote

Lords for which their vote in this division differed from the majority vote of their party. You can see all votes in this division, or every eligible lord who could have voted in this division

Sort by: Name | Party | Vote

NamePartyVote
Lord Adonis Labaye
Baroness Altmann Conaye
Baroness Andrews Lab (minister)aye
Lord Bowness Conaye
Viscount Chandos Lab (minister)aye
Lord Cooper of WindrushConaye
Baroness D'Souza Non-affiliated (front bench)aye
Lord Faulkner of WorcesterLab (minister)aye
Lord Forsyth of DrumleanCon (front bench)aye
Lord Freud Conaye
Lord Haskel Lab (minister)aye
Baroness Hodgson of AbingerCon (front bench)aye
Lord Hodgson of Astley AbbottsCon (front bench)aye
Lord Hunt of Kings HeathLab (minister)aye
Baroness Kennedy of CradleyLabaye
Lord Liddle Lab (minister)aye
Lord MacKenzie of CulkeinLabaye
Lord Marlesford Conaye
Lord Mendelsohn Lab (minister)aye
Lord Smith of FinsburyNon-affiliatedaye
Lord Stone of BlackheathLabaye
Lord Triesman Labaye
The Duke of WellingtonConaye
Baroness Wheatcroft Conaye
Lord Cameron of DillingtonCrossbench (front bench)no
Lord Carrington Crossbenchno
Lord Crisp Crossbenchno
Lord Dannatt Crossbenchno
Baroness Deech Crossbenchno
Lord Greenway Crossbenchno
Baroness Hogg Crossbenchno
Lord Kakkar Crossbench (front bench)no
Lord Laming Crossbench (front bench)no
Lord Low of DalstonCrossbench (front bench)no
Baroness Morgan of DrefelinCrossbenchno
Baroness Nicholson of WinterbourneLDemno
Lord Pannick Crossbench (front bench)no
Lord Patel Crossbench (front bench)no
Lord Powell of BayswaterCrossbench (front bench)no
Lord Rana Crossbenchno
Viscount Waverley Crossbenchno

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