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Chamber and committees

Official Report: search what was said in Parliament

The Official Report is a written record of public meetings of the Parliament and committees.  

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Dates of parliamentary sessions
  1. Session 1: 12 May 1999 to 31 March 2003
  2. Session 2: 7 May 2003 to 2 April 2007
  3. Session 3: 9 May 2007 to 22 March 2011
  4. Session 4: 11 May 2011 to 23 March 2016
  5. Session 5: 12 May 2016 to 4 May 2021
  6. Current session: 13 May 2021 to 20 January 2026
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Displaying 1741 contributions

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Economy and Fair Work Committee

Bankruptcy and Diligence (Scotland) Bill: Stage 1

Meeting date: 13 September 2023

Claire Baker

Further to that, what is the current situation? You said that that has been confused by a recent case?

Economy and Fair Work Committee

Bankruptcy and Diligence (Scotland) Bill: Stage 1

Meeting date: 13 September 2023

Claire Baker

Thank you. Katie McLachlan, do you want to comment on the balance between statutory legislation and regulation?

Economy and Fair Work Committee

Bankruptcy and Diligence (Scotland) Bill: Stage 1

Meeting date: 13 September 2023

Claire Baker

I have a final question, which is about inhibition. The bill proposes to add inhibition to summary warrants—that they be linked. The Scottish Government plans to lay regulations to add inhibition to the options that are available for enforcement after a summary warrant, and the example that we have been given is around local authorities and council tax debt. Would you welcome inhibition being added to the list of options?

Economy and Fair Work Committee

Bankruptcy and Diligence (Scotland) Bill: Stage 1

Meeting date: 13 September 2023

Claire Baker

That brings us to the end of this morning’s session. I thank all the witnesses for participating in our first evidence-taking session on the bill. If you would like to contact the committee on anything further following this session, please feel free to contact the clerks.

10:52 Meeting continued in private until 11:31.  

Economy and Fair Work Committee

Bankruptcy and Diligence (Scotland) Bill: Stage 1

Meeting date: 13 September 2023

Claire Baker

I invite Kevin Stewart for a supplementary.

Economy and Fair Work Committee

Bankruptcy and Diligence (Scotland) Bill: Stage 1

Meeting date: 13 September 2023

Claire Baker

David Menzies, do you want to comment before I bring in Maggie Chapman?

Economy and Fair Work Committee

Decision on Taking Business in Private

Meeting date: 13 September 2023

Claire Baker

Our second item of business is a decision to take item 5 in private. Are members content to do so?

Members indicated agreement.

Economy and Fair Work Committee

Bankruptcy and Diligence (Scotland) Bill: Stage 1

Meeting date: 13 September 2023

Claire Baker

Our next item of business is a stage 1 evidence-taking session on the general principles of the Bankruptcy and Diligence (Scotland) Bill. The bill aims to make changes to the law around bankruptcy and diligence by implementing various stakeholder-led recommendations. I thank all those who replied to the committee’s call for evidence. We are grateful for the submissions, which will help shape our consideration of the bill.

I welcome Dr Alisdair MacPherson, who is a committee member of the banking, company and insolvency law sub-committee of the Law Society of Scotland; Katie McLachlan, who is a licensed personal insolvency practitioner in insolvency and restructuring, from the Association of Business Recovery Professionals, known as R3; David Menzies, who is director of practice at the Institute of Chartered Accountants of Scotland; and Barry Mochan, who is a board member at the Insolvency Practitioners Association. As always, it will be helpful if members and witnesses keep their questions and answers as concise as possible. I will open with questions to Alisdair MacPherson, but I will give everyone the chance to address them.

The Government is adopting a three-stage approach to reforms in this area. I mentioned the responses that we have had to the bill; many talk about other areas that go beyond what is in the bill and other improvements that they would like to see in this field of work. The Government has argued that it is trying to strike a balance between regulatory and statutory duties. Alisdair, does the Law Society have a view on whether the Government has got that balance right? Does the bill cover the areas that should be statutory, and do you agree that other areas that people are arguing should be included in the bill are better suited to regulations?

Economy and Fair Work Committee

Interests

Meeting date: 13 September 2023

Claire Baker

Thank you. Kevin Stewart, do you have any relevant interests to declare?

Economy and Fair Work Committee

Interests

Meeting date: 13 September 2023

Claire Baker

Thank you. Finally, I invite Brian Whittle to declare any relevant interests.