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{
    "id": 42358,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/42358/?format=api",
    "text_counter": 465,
    "type": "speech",
    "speaker_name": "Mr. Muriithi",
    "speaker_title": "The Assistant Minister for Industrialization",
    "speaker": {
        "id": 91,
        "legal_name": "Ndiritu Muriithi",
        "slug": "ndiritu-muriithi"
    },
    "content": "Mr. Deputy Speaker, Sir, this Bill goes further in parts VII and IX to examine and provide for how corporate rescue can happen. I think Uchumi Supermarket is an excellent case in point. You will notice that in this case, because the creditors, shareholders of this business, suppliers and everybody who was involved were able to very quickly get together and decide that they were going to rescue this business, because it was profitable--- I think the facts have shown so; perhaps, it had suffered periods of poor management and corporate governance. Therefore, the rescue, or bringing of Uchumi back to health and to the stock exchange, is exactly the reason why we need this law."
}