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Kenya: Supreme Court Halts Cytonn Property Transfers Pending Appeal

Nairobi — The Supreme Court has handed Cytonn Investments a temporary legal reprieve by suspending the implementation of Court of Appeal orders that had cleared the way for the Official Receiver to take control of and transfer several high-value properties linked to the firm’s troubled real estate investment schemes.

In a ruling delivered on Friday, the apex court granted conservatory orders preserving the disputed assets until it hears and determines Cytonn’s appeal, saying the matter raises…

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