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{
    "id": 578481,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/578481/?format=api",
    "text_counter": 418,
    "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 Speaker. First of all, I want to thank the Leader of the Majority Party who has walked with us through this process, particularly the four of them that deal with the Companies Act, the Insolvency Bill, Business Registration and the Consequential Amendment Bill. In fact, we had serious problems with the other offices in Government who wanted us to pass the Bill as it was. But the Leader of the Majority Party convinced them that there were serious shortcomings with regard to the Companies Bill and the Insolvency Bill. In the Insolvency Bill, we had over 600 amendments and 900 amendments in the Companies Bill. I really want to thank him for standing with the Departmental Committee on Justice and Legal Affairs Committee. I must also thank the members individually of the Departmental Committee on Justice and Legal Affairs for their un-tiring and relentless efforts of ensuring that we scrutinized those voluminous Bills that went through this Committee. As a matter of information, this Departmental Committee on Justice and Legal Affairs has gone through more Bills than all the Bills combined that the Senate has passed in their House. So, you can see where the problem is. It is not with this House. Indeed, the passage of the Companies Bill marks a milestone in terms of jurisprudence of insolvency laws in this country. We have seen a paradigm shift in terms of the way companies are going to be managed while under insolvency. The laws are ensuring that those companies that have gone under are resuscitated with a view of resuming business. So, I must thank all the Members who have contributed and have been with us."
}