Kenyan Investor to take over of Sh1b resort in Malindi after protracted legal battle - News Summed Up

Kenyan Investor to take over of Sh1b resort in Malindi after protracted legal battle


Later, Viaggi was declared bankrupt and the only asset that was in his possession were shares in Salama Beach Hotel. In 2010, the High Court in Malindi allowed the splitting of the shares between Rodrot and the German couple on a 50:50 basis. Last week, Malindi Resident Magistrate and Deputy Registrar JN Wandia issued the execution order, paving way for a takeover. We have an execution order and the police have been informed. The execution to proceed as per judgment,” states an order by Malindi Deputy Register and Magistrate Dr JN Wandia of Malindi issued on January 3, this year.


Source: Standard Digital January 08, 2018 08:03 UTC



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