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{
    "id": 578386,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/578386/?format=api",
    "text_counter": 323,
    "type": "speech",
    "speaker_name": "Hon. Chepkong’a",
    "speaker_title": "",
    "speaker": {
        "id": 1154,
        "legal_name": "Samuel Kiprono Chepkonga",
        "slug": "samuel-kiprono-chepkonga"
    },
    "content": "Thank you, Hon. Temporary Deputy Chairlady. I rise to support my good friend, Hon. Omondi. This is a very good provision. I must thank him. He is hawk-eyed in terms of seeing what was missing. I know he has gone through this experience and that is why he does not want anyone else to go through it. The import of this amendment is to ensure that the insolvency practitioners do not charge anything they want. This will give power to the Cabinet Secretary to ensure that he makes regulations to determine the remuneration that those insolvency practitioners are paid. We have seen in the past where the practitioner or the so-called insolvency practitioners, as they were called before, would charge anything to a company that has been declared insolvent. They would determine whether they charge 30 or 50 per cent. As we speak, there is no scale. This will remove that lacuna that has been in this particular area. I must thank Hon. Omondi for bringing this amendment. I support the amendment."
}