Chief Justice Sir Ian Winder has ordered Mdollaz Ltd., trading as crowdfunding exchange ArawakX, into provisional liquidation and ordered that a winding-up order for the company be prepared, according to
Mdollaz Ltd. was prepared to accept an almost $34 million settlement from Bank of The Bahamas (BOB) as a result of loss and damage due to the freezing of its
The Securities Commission of The Bahamas (SCB) began winding up proceedings of Mdollaz Ltd., trading as ArawakX, after finding via investigations and interviews that the crowdfunding firm is insolvent, commingled company funds with investor money, and sold Mdollaz shares without SCB approval, according to an affidavit filed by the SCB’s Executive Director Christina Rolle in the Supreme Court’s Commercial Division. An
On 24 July 2020, the Supreme Court (Commercial Division) of Mauritius delivered a judgment non-suiting Sheeny Worldwide Limited (Sheeny) for failing to establish its claim in the sum of USD 7.1 million.