Company Law Reform Bill [HL]

My Lords, I am grateful to the noble and learned Lord the Attorney-General for his considered response. I accept that capital carrying voting rights is not the wording that is familiar in English financial practice. I therefore accept that our amendments are deficient in that sense; they do not advance the arguments sufficiently. I am always reluctant to leave a situation where we could clarify matters beyond peradventure and say that the courts will sort that out. That may be helpful for lawyers but it is an unsatisfactory way of proceeding. I shall reflect on that, take some advice and consider whether inserting the word ““market”” might not sort the whole thing out. Dealing with the market value of the voting shares might be another way of tackling the matter and making it clear for ever that that is what we are about.