All parliamentary appearances
Entries 1691 to 1700 of 17810.
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11 Mar 2020 in National Assembly:
Amendment 37. The Insolvency Act, 2015, is amended by deleting section 560A of section and substituting therefor the following new section― 560A of
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11 Mar 2020 in National Assembly:
No. 18 of Considerations 560A. (1) When considering whether to grant its 2015. to take into account on approval under section 560, the court or the applications administrator may in particular take into consideration for approval to lift the following where appropriate – moratorium. (i) the statutory purpose of the administration; (ii) the impact of the approval on the applicant particularly whether the applicant is likely to suffer significant loss; (iii) the legitimate interests of the applicant and the legitimate interest of the creditors of the company, giving the right of priority to the proprietary interest of the applicant; (iv) ...
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11 Mar 2020 in National Assembly:
(2) An approval granted under subsection (1) shall be for a period of not more than twenty-eight days.
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11 Mar 2020 in National Assembly:
This is on the Insolvency Act. The reasons behind this are that the law provides for an automatic stay on the enforcement when a debtor enters into a court-supervised re-organisation procedure in order to protect secured creditors’ rights. There is need to provide clear grounds for relief from the stay in case if there is one, while setting a time limit for it. The proposed amendment seeks to ensure that the grounds are clear and broad enough in size to cover all the justifiable reasons for relief from stay as per the international best practice within the insolvency law.
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11 Mar 2020 in National Assembly:
Hon. Temporary Deputy Chairman, the first intent of the Bill from the Government was to protect local manufacturers. But there was a concern, not only from the Chairman of the Departmental Committee on Finance and National Planning, that the capacity for particularly pharmaceutical related bottles has not been reached by the country. What he has amended is to exclude those manufacturing pharmaceutical bottles. All the other companies that are making local bottles will have better tax rebate than those imported. The imported ones are going to be more expensive. The Chair needs to clarify that.
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11 Mar 2020 in National Assembly:
To clarify and go on Hansard, Hon. Millie knows the Statute Law (Miscellaneous Amendments) Bills usually have many laws from different sectors. But this one specifically is business related and is geared towards making it easy to do business in Kenya. It only deals with businesses. But I agree with Hon. Millie Odhiambo that it is also an omnibus Bill and it does not harm us if we put it as that.
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11 Mar 2020 in National Assembly:
On a point of order, Hon. Temporary Deputy Chairman.
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11 Mar 2020 in National Assembly:
Hon. Temporary Deputy Chairman, I just want to inform my colleagues that the Press conference is over. Some of us have some business to do. I thank them much for joining me in doing this business with the rest of the Members. So, can we first be quiet and finish the business.
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11 Mar 2020 in National Assembly:
The Prof. like Hon. Millie are the people always here with me and has asked a very valid question. The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor.
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11 Mar 2020 in National Assembly:
This amendment seeks to define the building code, as the Chair has said. The Local Government Act upon which the national building code of 1968 was anchored, was repealed by the County Government Act. We want to make sure that there is harmonisation of building codes in both levels of government. The gist of it was to define the building code and ensure that building codes are not anchored in different pieces of law. The whole essence of these amendments is the ease of doing business. We want to make sure that an investor sitting in Singapore does not need ...
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