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{
    "id": 743775,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/743775/?format=api",
    "text_counter": 381,
    "type": "speech",
    "speaker_name": "Hon. A.B. Duale",
    "speaker_title": "",
    "speaker": {
        "id": 15,
        "legal_name": "Aden Bare Duale",
        "slug": "aden-duale"
    },
    "content": "Settlement of 32A. (1) Where there is a dispute between the Authority and an NIFC firm disputes . arising out of or in connection with the rights and benefits conferred by section 32, the dispute shall be settled by arbitration, and, unless otherwise agreed by the parties, by a sole arbitrator, to be appointed by the Registrar of the Nairobi Centre for International Arbitration and any award, order or determination of or by such arbitrator shall be final and binding on all parties. (2) The dispute referred to the arbitrator appointed by the Registrar under subsection (1) shall be administered in accordance with the Rules for arbitration of the Nairobi Centre for International Arbitration. Hon. Temporary Deputy Chairman, Clause 32A of the Bill provides that despite any provisions to the contrary in any other law or regulations, the Nairobi International Financial Centre shall subject the provisions of this Act or regulations to arbitration. It is giving the investors a number of issues, for example, to have freedom to repatriate profits and realise investment. The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}