High Court strikes out KUSCCO liquidation petition, says co-operative societies governed by separate law – Capital FM Kenya

NAIROBI,Kenya Sep 29 – The High Court in Nairobi has struck out a petition seeking the liquidation of the Kenya Union of Savings and Credit Co-operatives Limited (KUSCCO) under the Insolvency Act, ruling that co-operative societies are governed by a separate statutory framework. Justice Rhoda Rutto of the Milimani High Court held that the court…

Bankrupt legend sells RWC medal

Former England loose forward Lawrence Dallaglio has been forced to part with his 2003 World Cup winner’s medal and other memorabilia. The 54-year-old, who was declared bankrupt last year, has put the medal from England’s triumph in Australia up for auction with an estimated value of £50,000 to £80,000 (R1.1-million to R1.7-million). Dallaglio started at…

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