Skip to main content

Factortame Litigation: Settlement

Volume 621: debated on Thursday 8 February 2001

The text on this page has been created from Hansard archive content, it may contain typographical errors.

asked Her Majesty's Government:What progress has been made in meeting the claims arising from the ruling over the

Factortame case brought by owners of flag of convenience vessels. [HL658]

The Minister of State, Ministry of Agriculture, Fisheries and Food
(Baroness Hayman)

Settlement has now been reached with all the applicants involved in the Factortame litigation. Under the terms of the settlement the total sum of damages paid is £55 million, including interest of some £26 million. This includes the earlier settlement of £10 million reached in 2000 but excludes the legal costs of the applicants, liability for which was accepted as part of the settlement agreements but which have yet to be assessed. The claims submitted by the applicants totalled £285 million before interest.