Telecom operator Vodafone has applied for bankruptcy protection.
In a notice of issue of an interim protection order, the Civil Division of the High Court has appointed Donald Nyakairu as Vodafone’s Provisional Administrator and an interim Protective Order was granted to the company for a period of three (3) months pursuant to Section 139 of the Insolvency Act, 2011″.
Afrimax is the holding company of the Vodafone brand in Uganda.
A protective order is a request to a court to issue a legally enforceable document preventing a person or entity from taking a specified action.
Protective orders are often used in bankruptcy to bar unsecured claims by creditors or the release of confidential or potentially harmful information. In the Vodafone case, for instance, a protective order may bar any collection activities by creditors against the debtor.
