The High Court yesterday reinstated orders stopping minority shareholders of Tatu City from interfering with the multibillion-shilling project.
The majority shareholders in the protracted ownership dispute of the Sh240 billion project moved to court to block the transfer of 2,000 acres worth Sh5.3 billion to third parties.
High Court judge Charles Kariuki directed the parties to maintain the status quo pending the hearing on April 20.
The majority shareholders had asked the court to restore an earlier order barring former Central Bank of Kenya Governor Nahashon Nyaga and his associates from interfering with the property.
The foreign investors in a legal battle with their Kenyan minority partners said there was a deliberate attempt by their rivals to transfer the land to other people before the court rules.
Their lawyer Ahmednasir Abdullahi said the orders were issued on May 12, 2015 to preserve the property.
“The court should not let a property with so many parties to be without protection,” he said. Ahmednasir said the orders lapsed on March 15, when the matter was mentioned before the Deputy Registrar without their knowledge.
The investors claim they have sold the prime land to a local developer - Daykio Plantations - but cannot transfer the ownership.
