General News of Saturday, 22 December 2018
Source: citinewsroom.com
A Deputy Minister of Trade and Industry, Robert Ahomnka-Lindsay
A Deputy Minister of Trade and Industry, Robert Ahomnka-Lindsay has assured that the corporate insolvency bill will be passed within the first quarter of next year.
The assurance follows the completion of the necessary parliamentary procedures surrounding the bill.
The bill when passed seeks to improve the quality of the legal regime for corporate bodies and their administration when they become insolvent.
Also, the critical aspect of the draft bill focuses on a framework for restructuring viable businesses and closing, as well as transferring assets of failed ones.
Speaking at the end of year cocktail rec…
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