Results 61–80 of 174 for speaker:Lord Sharman

Home Equity Release Schemes ( 9 Mar 2004)

Lord Sharman: asked Her Majesty's Government: What steps they plan to take to regulate home equity release schemes, in view of the increased use of such schemes.

Home Equity Release Schemes ( 9 Mar 2004)

Lord Sharman: My Lords, I thank the Minister for his Answer. Does he not agree that there is now an urgent need to address all forms of equity release schemes? Does he recall that since the passage of the Financial Services and Markets Bill, in which we both participated, I have argued that all forms of such schemes should be included? In the summer, mortgage-based schemes for release were considered. Does...

Companies (Audit, Investigations and Community Enterprise) Bill [HL] ( 8 Jan 2004)

Lord Sharman: My Lords, I declare an interest as chairman of two companies listed on the London Stock Exchange. I am on the board of two other companies, in which I variously function as a member of the audit committee and the remuneration committee. I generally welcome the fact that the Government are addressing the subject matter covered by the Bill. But I make no apologies for returning immediately to...

Financial Services and Markets Act 2000 (Financial Promotion) (Amendment) Order 2003 (20 Jun 2003)

Lord Sharman: My Lords, I am grateful to the Minister for giving us a full explanation of the arguments behind the orders. We could have saved him from having to make some of his speech, because he will recollect that when the Financial Services and Markets Bill was passing through the House the noble Lord, Lord Kingsland, from the Conservative Front Bench, and I argued strongly that the regulation of the...

Corporate Governance (12 Mar 2003)

Lord Sharman: My Lords, before I begin I must declare an interest. My business interests are set out in the Register of Members' Interests. Particularly relevant to the issue we are debating is the fact that I sit on the boards of three listed companies in the UK and I am the former chairman of KPMG where I continue as a paid adviser. I should like to thank and congratulate the noble Lord, Lord Brennan,...

Lords Amendment ( 4 Nov 2002)

Lord Sharman: My Lords, I strongly support the amendment moved by the noble Lord, Lord Hunt. I was present for the majority of the debate on this issue at the time the Financial Services and Markets Bill was before your Lordships' House. The amendment previously accepted here says "have regard to". That is not the same as "must adhere to". To have regard to is to take into account. It was evident to me...

Enterprise Bill (21 Oct 2002)

Lord Sharman: My Lords, from these Benches, I, too, express my thanks and recognition of the extremely hard work that has been done on the time limits. We have moved forward a considerable distance in that regard and, by and large, I am content with where we are. I have one comment to make on Amendment No. 206. Until the noble Lord, Lord Hunt, spoke, I was content with that amendment. My point follows the...

Enterprise Bill (21 Oct 2002)

Lord Sharman: My Lords, I rise simply to echo the remarks of the noble Lord, Lord Kingsland. The Minister and the Government have come a very long way in meeting our concerns on this matter and I am grateful.

Enterprise Bill (21 Oct 2002)

Lord Sharman: My Lords, I am grateful to the Minister for his response and his explanations. In the circumstances, I beg leave to withdraw the amendment.

Enterprise Bill (21 Oct 2002)

Lord Sharman: moved Amendment No. 190: Page 172, line 13, at end insert— "( ) whether disclosure would include commercial information whose disclosure might significantly harm the legitimate business interests of the undertaking to which it relates"

Enterprise Bill (21 Oct 2002)

Lord Sharman: My Lords, Amendments Nos. 189 to 191 deal with the disclosure of confidential commercial information to an overseas authority. As matters stand, where a UK agency is able to obtain commercial information that is subjective in terms of its competitive relevance, that information remains confidential. If such information were disclosed to an overseas authority under the Bill's provisions, the...

Enterprise Bill (29 Jul 2002)

Lord Sharman: As the Minister quite rightly said, my noble friend Lady Maddock spoke to this issue on Second Reading. Unfortunately she cannot be with us this evening, but she has advised me that in her view the amendments as tabled do exactly what she was looking for. She has asked me to express her thanks to the Minister for addressing the issue.

Enterprise Bill (29 Jul 2002)

Lord Sharman: I endorse what the noble Lord, Lord Hunt, has said. In practical cases of administration and insolvency, it is sometimes difficult to obtain consent as envisaged in this part of the Bill. I believe that the proposed amendment is an eminently sensible way of enabling the administration to proceed with speed, which is what we are seeking to do in the Bill, and I commend it to the Committee.

Enterprise Bill (29 Jul 2002)

Lord Sharman: Once again I rise to support the amendment, which appears eminently sensible; that is, those who have to take action as a result of the notice of cessation should be in receipt of a notice.

Enterprise Bill (29 Jul 2002)

Lord Sharman: moved Amendment No. 314: Page 274, line 28, at end insert "unless the court is satisfied that the administrator acted reasonably in all the circumstances"

Enterprise Bill (29 Jul 2002)

Lord Sharman: The amendment deals with the issue of a challenge to the administrator's conduct. Paragraph 74 allows any creditor or member of a company to apply to the court on the grounds that the administrator's actions are prejudicial to their interests. In our judgment, there is scope for vexatious actions. We also find it odd that, under that paragraph, the court can make an order, even if the action...

Enterprise Bill (29 Jul 2002)

Lord Sharman: I am grateful to the Minister for his reply. I shall reflect on it over the recess. Meanwhile, I beg leave to withdraw the amendment.

Enterprise Bill (29 Jul 2002)

Lord Sharman: I rise to speak briefly to Amendments Nos. 296 and 323 in this group. The noble Lord, Lord Hunt, has spoken eloquently about the need for balance in this approach. I believe, based on some considerable experience of these matters, that the time-scales are unrealistically short. In my view, they will lead to significant numbers of applications being made to the court for extensions. That will...

Enterprise Bill (29 Jul 2002)

Lord Sharman: I support Amendment No. 274, to which my noble friend Lord Razzall has added his name. I will add nothing to what was said by the noble Lord, Lord Kingsland; he said it far more eloquently than I could.

Enterprise Bill (29 Jul 2002)

Lord Sharman: We debated these amendments earlier. I want simply to reiterate what I said then. The weekend problem is a very real one, as is the issue of an administrator acting without knowing that he has been appointed. I hope that the Minister will take these matters on board.


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