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{
    "id": 54336,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/54336/?format=api",
    "text_counter": 223,
    "type": "speech",
    "speaker_name": "Mr. Githae",
    "speaker_title": "The Minister for Nairobi Metropolitan Development",
    "speaker": {
        "id": 159,
        "legal_name": "Robinson Njeru Githae",
        "slug": "robinson-githae"
    },
    "content": "Madam Temporary Speaker, the Limited Liability Partnership Bill seeks to repeal and replace the Limited Liability Partnership Act. As I said, this is Chapter 30, of Laws of Kenya. The main distinction between the old Act and this Bill is the elaborate provisions on the establishment and functioning of the limited partnerships. It is hoped that the new law will encourage development professional business in a stable environment. This Bill was developed by a taskforce that was established by the Attorney-General. This taskforce was on companies, insolvency and partnerships. All the stakeholders were involved. Lawyers, accountants, NGOs and any person who has interest in business were involved. This is the Act they came up with. The amendments were too many. Therefore, it was decided that a new Act of Parliament be enacted through this Bill."
}