• +254 720 715392

  • owino@owinolaw.com

Cytonn High Yields Solutions LLP (In Administration) v Official Receiver [2023] KEHC 16 (KLR)

The High Court in Nairobi was confronted with the collapse of Cytonn High Yields Solutions LLP (CHYS), a scheme that had raised over Kshs 11 billion from more than 3,000 creditors. The central question was whether the administration process should continue or be terminated in favour of liquidation. Creditors argued that the appointed administrator had…