Continuing with our Insolvency Series, in this article we discuss debt restructuring – what is it, how to go about it and how to increase the chances of a successful restructuring. To date, our Insolvency Series has addressed signs of financial distress, business turnaround process, how to navigate Kenya’s insolvency laws and how best debtors […]
I’m Slipping, I’m Falling, I’ve Got to Get Up: Helping the Debtor in Insolvency
Insolvency laws are an essential component for stability in a financial system. They are the foundation for orderly dissolution and reorganization of businesses facing financial distress. Insolvency laws facilitate efficient reallocation of capital locked in failed businesses. Read More
A Voice for Creditors in Insolvency
Kenya has put its insolvency legislation to the test in several cases where various companies, such as Sameer Africa, Mumias Sugar, Kenya Airways, Nakumatt, Karuturi, East Africa Cables, East Africa Portland Cement, Athi River Mining, and Britania Foods Limited, among others, have undergone the rigors of restructuring. Read More