This was on the side-lines of the insolvency week celebrations held in Kampala.
In October last year, Uchumi supermarket folded
Official receivers from the five East African states have called for harmonization of the insolvency laws in the region, to enable cross boarder insolvency practice, and alleviate suppliers from losses, whenever a regional company folds.
The meeting, according to the Uganda Registration Services Bureau (URSB) managing director, Bemanya Twebaze, was also tailored towards protecting EAC companies in financial distress across the borders.
In October last year, Uchumi supermarket, for example, folded leaving suppliers strand…
Read the full article at: http://www.newvision.co.ug/new_vision/news/1440973/harmonize-insolvency-laws-eac