I honestly do not know. I do not have a detailed response on that. I assume that businesses—and we are dealing here with professionally run businesses—have to assess their risks and try to mitigate any potential losses from unforeseen circumstances via insurance and other matters. Therefore, this would probably be covered in the same way. I do not know, but my answer, as an ordinary, reasonable person, is that if a company has purchased something, it becomes an asset of that company, irrespective of what happens to the company. In other words, if a company disappears or gets sold, the assets and whatever it has purchased get transferred. That asset may be intellectual or physical property, or certificates to do certain things. They would go with the company.
Climate Change Bill [HL]
Proceeding contribution from
Lord Rooker
(Labour)
in the House of Lords on Wednesday, 23 January 2008.
It occurred during Committee of the Whole House (HL)
and
Debate on bills on Climate Change Bill [HL].
Type
Proceeding contribution
Reference
698 c247 
Session
2007-08
Chamber / Committee
House of Lords chamber
Subjects
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Timestamp
2024-04-11 17:47:29 +0100
URI
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