Moved by
Baroness Hayter of Kentish Town
220: After Clause 9, insert the following new Clause—
“Maintenance of rights in the area of insolvency and restructuring law
(1) Within the period of six months of the passing of this Act, a Minister of the Crown must publish a report outlining the extent to which the benefits afforded by EU insolvency and restructuring law will continue to exist in domestic law after exit day.
(2) The report provided for under subsection (1) must include—
(a) the steps, if any, taken by Ministers of the Crown to negotiate the continuation of reciprocal arrangements between the United Kingdom and member States in the field of insolvency and restructuring law;
(b) the nature and duration of these reciprocal arrangements, if such arrangements have been negotiated; and
(c) a declaration from the Minister of the Crown outlining whether, in their view, the UK’s insolvency and restructuring framework has been weakened.
(3) The Minister of the Crown must lay the report before both Houses of Parliament.”