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Fifth Anniversary Of The Closure Of Bcci

EDM number 1098 in 1995-96, proposed by Keith Vaz on 04/07/1996.

That this House notes that Friday 5th July marks the fifth anniversary of the closure of BCCI; is deeply concerned by the failure of the liquidators, Deloitte Touche, to distribute any monies to the creditors and former staff of BCCI and is also concerned about the failure of the English and Luxembourg liquidators to co-operate and agree appropriate provisions resulting in contested High Court proceedings between the liquidators in relation to issues such as the conflicting laws of set-off between England and Luxembourg, which conflict was known to the liquidators as long ago as March 1992; notes that from 5th July 1991 to January 1996 the total fees paid to the liquidators and their legal advisers Lovell White Durrant amounted to US $285.6 million; and calls upon the President of the Board of Trade and Secretary of State for Trade and Industry to seek an urgent meeting with Christopher Morris, the Senior Liquidator, to ensure that all outstanding matters are resolved urgently so that the victims of BCCI, the creditors and former staff receive compensation forthwith.

This motion has been signed by a total of 32 MPs.

MPDateConstituencyPartyType
Keith Vaz04/07/1996Leicester EastProposed
Ken Livingstone08/07/1996Brent EastSigned
Janet Anderson08/07/1996Rossendale & DarwenSigned
Paddy Tipping08/07/1996SherwoodSigned
Rachel Squire09/07/1996Dunfermline WestSigned
Lynne Jones09/07/1996Birmingham, Selly OakSigned
Alice Mahon09/07/1996HalifaxSigned
John Cummings09/07/1996EasingtonSigned
Tony Banks09/07/1996Newham North WestSigned
Hugh Bayley09/07/1996York, City ofSigned
Robert Wareing09/07/1996Liverpool, West DerbySigned
Roger Godsiff10/07/1996Birmingham Small HeathSigned
Roy Beggs10/07/1996East AntrimSigned
Harry Barnes10/07/1996North East DerbyshireSigned
Mike Hall10/07/1996Warrington SouthSigned
Rhodes Boyson10/07/1996Brent NorthSigned
Bill Michie10/07/1996Sheffield, HeeleySigned
John Heppell10/07/1996Nottingham EastSigned
Peter Hardy10/07/1996WentworthSigned
Tom Cox10/07/1996TootingSigned
Nick Harvey11/07/1996North DevonSigned
Jean Corston11/07/1996Bristol EastSigned
John Gunnell11/07/1996Leeds South and MorleySigned
Roland Boyes12/07/1996Houghton and WashingtonSigned
Bill Etherington15/07/1996Sunderland NorthSigned
Llin Golding15/07/1996Newcastle-under-LymeSigned
Audrey Wise17/07/1996PrestonSigned
Martyn Jones18/07/1996Clwyd South WestSigned
Calum MacDonald18/07/1996Na h-Eileanan an IarSigned
Eric Illsley23/07/1996Barnsley CentralSigned
Dennis Turner23/07/1996Wolverhampton South EastSigned
Austin Mitchell14/10/1996Great GrimsbySigned

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