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{
    "id": 494344,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/494344/?format=api",
    "text_counter": 173,
    "type": "speech",
    "speaker_name": "Hon. A.B. Duale",
    "speaker_title": "",
    "speaker": {
        "id": 15,
        "legal_name": "Aden Bare Duale",
        "slug": "aden-duale"
    },
    "content": "Kenyan companies are under threat from well established multinational companies with very good sources of funding at a very low interest rate. If we do not create a law to manage this process then in the years to come, our country will be taken over by multinationals and all our locally established companies will be under receivership; they will end up winding up. So, we must find a way in which we put systems in place to protect our local companies. That is the genesis of the Bill. This Bill also provides an orderly system of managing affairs in insolvency, and insolvency is key. In the Bill we have the management systems in insolvency both in The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}