Local shareholders of Tatu City are launching a legal effort in the Supreme Court of Mauritius to reverse an alleged dilution of their stakes. Kenyan businessman Steve Mwagiru and Belgian investor Etienne Delbar, acting through BlackKnight Holdings Ltd, are seeking permission to initiate arbitration via the London Court of International Arbitration on behalf of Manhattan Coffee Investment Holdings Ltd (MCIH). MCIH is currently under liquidation following a 2018 London arbitration award that ordered $15 million in damages for defrauding SCF Holdings II. The applicants argue that transactions between 2014 and 2016 unlawfully reduced MCIH's shareholding in Cedar IV Ltd and Cedarsoc Ltd through undervalued share issuances. This legal battle, spanning nearly two decades, involves complex offshore structures and aims to protect minority interests against consolidation by Rendeavour, the company controlled by investor Stephen Jennings.