I am most grateful to the noble Lord, Lord Pannick, particularly for all his efforts in relation to this matter. Regarding the matters that he listed, I wonder whether he has considered one further condition that should be added. The valuation of close company or private company shares is an art, not a science, and the valuer acting for the shareholder—the outgoing shareholder perhaps—and the valuer acting for the company may not reach an agreement on price. Presumably, underlying all this must be a provision for arbitration in case of disagreement on price, through either an independent expert or an arbitrator.
Growth and Infrastructure Bill
Proceeding contribution from
Lord Burnett
(Liberal Democrat)
in the House of Lords on Wednesday, 24 April 2013.
It occurred during Debate on bills on Growth and Infrastructure Bill.
Type
Proceeding contribution
Reference
744 c1446 
Session
2012-13
Chamber / Committee
House of Lords chamber
Subjects
Librarians' tools
Timestamp
2015-03-25 18:20:58 +0000
URI
http://hansard.intranet.data.parliament.uk/Lords/2013-04-24/13042465000056
In Indexing
http://indexing.parliament.uk/Content/Edit/1?uri=http://hansard.intranet.data.parliament.uk/Lords/2013-04-24/13042465000056
In Solr
https://search.parliament.uk/claw/solr/?id=http://hansard.intranet.data.parliament.uk/Lords/2013-04-24/13042465000056