The Ghana Association of Restructuring and Insolvency Advisors (GARIA) would have to wait a little longer before its dream of getting a bill that would regulate its operations in the country would be laid before parliament.
This is because the Corporate Insolvency Bill, which was due to be laid before Parliament early next year, has suffered another setback due to the change in the administration of the country.
With the New Patriotic Party (NPP) to replace the National Democratic Congress (NDC) on January 7, the Bill, which had already received Cabinet approval from the outgoing President John Mahamas administration, would now have to be laid before the Cabinet of the incoming governments administration for approval again b…
Read the full article at: http://www.graphic.com.gh/business/business-news/passage-of-insolvency-bill-suffers-fresh-setback.html