Samoa Passes Bank­ruptcy Law

Fiji Sun - - World News - Feed­back: jy­otip@fi­jisun.com.fj

The Samoan Par­lia­ment this week passed the law aimed at prevent­ing those ac­cused of bank­ruptcy from leav­ing the coun­try with­out set­tling their debts. The Bank­ruptcy Amend­ment Act 2016 gives the Of­fi­cial As­signee the power to stop bankrupts from skip­ping the coun­try with­out his con­sent. This law su­per­sedes the Act of the same name passed back in1908.

Lealailepule Ri­moni Ai­afi, the As­so­ciate Min­is­ter of the Min­istry of Com­mu­ni­ca­tion In­for­ma­tion and Tech­nol­ogy, told Par­lia­ment he sup­ported the amend­ment. How­ever, he asked if there was a pro­vi­sion in the law that could stop debtors who have not yet been de­clared bank­rupt from leav­ing the coun­try.

The Bank­ruptcy Amend­ment Act 2016 gives the Of­fi­cial As­signee the power to stop bankrupts from skip­ping the coun­try with­out his con­sent.

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