Wakoli Bifwoli

All parliamentary appearances

Entries 161 to 170 of 1331.

• 14 Jun 2011 in National Assembly: Madam Temporary Deputy Speaker, as I stated earlier, this Bill took a long time in making. It was as a result of a taskforce I set up. It was composed of the stakeholders in the field who were feeling the pinch of the setting the companies in liquidation or view
• 14 Jun 2011 in National Assembly: declaring persons bankrupt. They undertook trips even to the United States of America, Australia, New Zealand, United Kingdom, in addition to our own neighbouring countries. They have come up with an excellent law. It is an excellent legislation that actually ties in with the best practices internationally. view
• 14 Jun 2011 in National Assembly: Madam Temporary Deputy Speaker, for example, in Clause 463, the United Nations Commission on International Trade Law, remodelled law cross border insolvency, we will have the force of law in this country, if we enact this Bill. So, this Bill takes into account the best practices in the world as of today. If we enact it today, it will be the best Bill in the world. I challenge anybody to say so. view
• 14 Jun 2011 in National Assembly: Madam Temporary Deputy Speaker, on issues about the offences, there are many offences both for the official receivers and the persons who has been declared bankrupt. It is clearly set out in this Bill. There is just a whole chapter on nothing, but offences that can be committed on either side. With regard to the directors in this country, we had a time when a family or somebody could form a company, get the money, channel that money like money laundering through that company and buy properties for the family and so, and leave the company to be declared bankrupt. ... view
• 14 Jun 2011 in National Assembly: With those few remarks, I beg to reply. view
• 7 Jun 2011 in National Assembly: Thank you, Mr. Deputy Speaker, Sir. I recollect that in 1979 when I was elected the Chairman of the Law Society of Kenya, we raised two issues; one was the setting up of a Supreme Court and two, representation on the Judicial Service Commission of the Law Society. The former has been achieved and I view
• 7 Jun 2011 in National Assembly: am glad that I am witnessing today the completion of the exercise of having a Supreme Court in this country. As you know, beginning yesterday, we are currently involved in interviewing the judges of the Supreme Court. Therefore, the enactment of this Bill could not have come at a better time. Therefore, I wish to congratulate the Minister for Justice, National Cohesion and Constitutional Affairs for providing leadership in ensuring that this Bill is drafted by the Attorney-General and it comes to this House in good time for it to be enacted before the appointment of the judges of the ... view
• 7 Jun 2011 in National Assembly: Mr. Deputy Speaker, Sir, I beg to move that The Insolvency Bill be read a Second Time. view
• 7 Jun 2011 in National Assembly: Mr. Deputy Speaker, Sir, only about three weeks ago, I had the privilege of moving The Companies Bill. While doing so, I mentioned that the current Companies Act is the same word by word as the Companies Act that was there in the United Kingdom in 1949. The debate that I am now moving is going to bring together the liquidation and winding up sections which were in The Companies Act and The Bankruptcy Act. The Bankruptcy Act that we have applies to individuals and, obviously, the liquidation and winding up provisions, under The Companies Act, apply to companies. The ... view
• 7 Jun 2011 in National Assembly: Mr. Deputy Speaker, Sir, what would normally happen in this type of case is that if a creditor has obtained such a judgement, he would, in both cases, have really tried to execute and obtain payment of the liquidated sums. It is only when he fails to get any property from the debtor to satisfy the liquidated amount that he now goes for the final step of declaring a person bankrupt. view