Clause 105
Company Law Reform Bill [Lords]
2:45 pm
Paul Farrelly (Newcastle-under-Lyme, Labour)
We have seen such situations, although more often in the US than here. Will my right hon. Friend the Minister confirm that the amendments would allow a creditor to blackmail a company and resist its move to limited status, even if that was in the wider interests of the company and perhaps those of other creditors?