Launch of the Turnaround & Insolvency Association Kenya

The Kenyan insolvency regime has drastically changed over the last few years more so with the enactment of the Insolvency Act 2015, that overhauled the insolvency and restructuring regime in the country. This law was enacted with the key objective of amending and consolidating the legislation relating to the insolvency of natural persons and incorporated and unincorporated bodies. Further, the change was driven by the need to provide for and regulate the bankruptcy or liquidation of distressed persons to enable their affairs to be managed for the benefit of their creditors.