The Official Report is a written record of public meetings of the Parliament and committees.
All Official Reports of meetings in the Debating Chamber of the Scottish Parliament.
All Official Reports of public meetings of committees.
Displaying 869 contributions
Economy and Fair Work Committee
Meeting date: 6 December 2023
Gordon MacDonald
I was thinking more about the interest than dividends.
Economy and Fair Work Committee
Meeting date: 6 December 2023
Gordon MacDonald
Absolutely.
Economy and Fair Work Committee
Meeting date: 6 December 2023
Gordon MacDonald
Okay. Thank you.
Economy and Fair Work Committee
Meeting date: 29 November 2023
Gordon MacDonald
Thanks very much.
Economy and Fair Work Committee
Meeting date: 29 November 2023
Gordon MacDonald
My last question relates to interest. I understand that a recent court case suggests that, where a bankruptcy is recalled, the law has been left in a bit of a state of flux, because interest may or may not be payable. Again, the Law Society and ICAS have asked for that to be reviewed and have suggested a six-month period, after which interest can be charged. What is the Government’s view on that?
Economy and Fair Work Committee
Meeting date: 29 November 2023
Gordon MacDonald
Okay; thanks.
Economy and Fair Work Committee
Meeting date: 29 November 2023
Gordon MacDonald
Good morning. You might be pleased to know that I will not ask you about data. I want to ask about some of the points that were made in the report “Just Transition for Workers and Communities in Aberdeen and Aberdeenshire: Rapid Evidence Review”. Section 4.6 is titled “Lack of local control”. It says:
“during the key early years of North Sea development ‘the goal of local capability-building was a secondary consideration’.”
Later in that section, it says:
“In its early phase ... oil development was dominated by externally owned companies.”
What lessons should we learn from the early days of the oil industry to ensure that we achieve a just transition? Why is local control important?
Economy and Fair Work Committee
Meeting date: 29 November 2023
Gordon MacDonald
I also want to raise the issue of the discharge of trustees. Currently, there is no automatic discharge. Where a debtor is either uncontactable, unco-operative or just cannot be found, that can result in a trustee being in post indefinitely. If the trustee is an insolvency practitioner, it can mean that there are on-going charges that eat into the money that is available for creditors. Both the Institute of Chartered Accountants of Scotland and the Insolvency Practitioners Association have called for a solution to the issue. What is the Government’s view on the automatic discharge of trustees?
Economy and Fair Work Committee
Meeting date: 29 November 2023
Gordon MacDonald
The other issue that came up was extending the timescales for serving a bankruptcy petition, where it is difficult to find the debtor or the person lives quite far away from the central belt, where a lot of the sheriff officers are based. Is that something that the Government is looking at?
Economy and Fair Work Committee
Meeting date: 29 November 2023
Gordon MacDonald
James Clelland, do you have anything to add?