AQW Search Result

AQW 4475/17-22

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Ref No	Member	Question	Tabled	Status
AQW 4475/17-22	Mr Jim Allister KC (TUV - North Antrim)	To ask the Minister for the Economy whether it is her Department’s view that, (i) in situations of corporate distress when compiling a statement of affairs, the value of interest and compensation (Late Payment of Commercial Debts Legislation as amended) arising as the result of late payments going back over the 6 year limitation period (5 years in Scotland) should be calculated and included either as a quantified realisable asset or at least referenced as a potential realisable asset; and (ii) subject to the size of the case, the level of funding available and the materiality of matters disclosed, claims for late payment interest and compensation should be pursued as a matter of course. + Display Answer	03/06/2020	Answered on 12/08/2020