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Nation Life And Willstar Securities

Volume 884: debated on Tuesday 21 January 1975

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asked the Secretary of State for Trade whether he is satisfied that there can be no conflict of interest in the appointment of the same company as liquidators for both Nation Life and Willstar Securities.

The choice of a liquidator in an insolvency rests largely on the views of the creditors and I have no responsibility for it. I know of no evidence indicating any conflict of interest in these cases but if a difficulty of this nature arose interested parties would be at liberty to bring the matter before the court.