KETRACO Faces Liquidation Petition Over Unpaid KSh 10b Award to Spanish Firm

A Spanish company filed a liquidation petition against Kenya Electricity Transmission Company over an unpaid KSh 10 billion arbitral award Ketraco argued that its government-owned status shielded it from insolvency proceedings, but the High Court rejected that objection The debt traces back to a 2013 construction contract for a 400-kilovolt transmission line that Ketraco terminated…

UK furniture company closes after entering liquidation

It held a poor Trustpilot rating of 1.3 out of 5 (from 162 reviews), with customers criticising “extremely poor” service and undelivered items. Furniture Stop UK closes after entering liquidation After 12 years in business, Furniture Stop has entered creditors’ voluntary liquidation and closed. A winding-up notice was approved on October 6, with Nicola Meadows…