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Legal Alert | Insolvency Act 2015

 

insolvency

The President assented to the Insolvency Act 2015 on 11 September 2015. The Act consolidates for the first time the laws relating to insolvency in Kenya previously contained in the Bankruptcy Act and the Companies Act. Of particular significance, the Act creates a legal framework to govern the administration of companies (as an alternative to liquidation), both solvent and insolvent, under the supervision of an insolvency practitioner
Legal Alert | Insolvency Act 2015