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Jonathan Djanogly warns of serious legal complexities if business owners are given responsibilities post-sale


6th June 2016

Following the Government statement on British Home Stores, Jonathan Djanogly raises concerns about legal complexities if legislation is brought in to require business owners to assess the viability and character of purchasers or be responsible for purchasers’ business conduct post-sale.

Mr Jonathan Djanogly (Huntingdon) (Con)

While managers and owners can and should be concerned about, and indeed be answerable for solvency, viability, governance and employee wellbeing in their own companies, does the Minister agree that there are serious legal complexities involved in dictating that owners must assess the viability and character of purchasers or be responsible for purchasers’ business conduct post-sale?

Anna Soubry

I am grateful for my hon. Friend’s well-informed contribution, as his contributions always are. He makes some very good points. I am sorry to bang on about this, but it is very important to say that investigations have, quite properly, been started, will continue and will reach conclusions and that if there are any allegations of wrongdoing, we will be absolutely firm in our view that justice will be done.

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