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{
    "id": 575442,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/575442/?format=api",
    "text_counter": 265,
    "type": "speech",
    "speaker_name": "Hon. G.W. Omondi",
    "speaker_title": "",
    "speaker": {
        "id": 1169,
        "legal_name": "George Washinton Mallan Omondi",
        "slug": "george-washinton-mallan-omondi"
    },
    "content": "Thank you, Hon. Temporary Deputy Speaker, for giving me the opportunity to contribute to this Bill. In contributing to the Bill I want to comment, at the outset, that the biggest gainer in this Bill is the local risk-taker who invests his seed money into a business and the local entrepreneur who tries to put money to grow his company. In looking at all these things I will restrict myself to the qualifications of the receivers, the introduction or the stage that has been set for insolvency practitioners to turn around companies and not necessarily sell them of when they take them. I will also look at the time-frame. I will also look at the fact that the interests of the shareholders are now being taken into account in this Bill. I will also look at the new introduction to the Insolvency Bill - that is the general requirements to turn around businesses."
}