Joint Venture Property Investments | Oral Answers to Questions - Solicitor-General | Commons debates
10:30, 11 March 2010
I am grateful to the Solicitor-General for that answer, because it gives me the opportunity to highlight what might be appropriate practice for supporting local authorities that get involved in joint ventures on the basis of property speculation, as Croydon is doing. I appreciate that the economics might be a matter for another Department, but would she think it appropriate to give local authorities good guidance on their legal exposure when they get involved with special purpose vehicles and joint ventures with property companies and the private equity business?
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