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"id": 578425,
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"type": "speech",
"speaker_name": "Hon. (Eng.) Gumbo",
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"id": 24,
"legal_name": "Nicholas Gumbo",
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"content": "With this Bill, we need to move - as it were - from dismembering companies that are insolvent, to taking every effort to put them on the path of recovery. My good friend, Hon. George Mulwan has made some of his amendments from experience, which is good. As you know, there is no school, college or university in the world which teaches experiences. Some of the experiences we get in our lives help us assist fellow Kenyans to have safeguards that will help them not to go through the same path. The fact that we have professionalism and limiting charges of insolvency practitioners--- We have had situations where some insolvency practitioners go in merely to win themselves and, by the time they are through, they have taken more of the value of the company they are trying to turn around."
}