Monrovia, July 17 -- Mutual Benefits Assurance Company (MBAC) is being accused of stalling enforcement proceedings ordered by the Commercial Court after abruptly abandoning settlement negotiations with Bea Mountain Mining Corporation (BMMC). The company turned to Justice-in-Chambers Clinton Johnson, who has since placed a halt on the lower court's enforcement order and summoned both parties to a conference slated for July 30.

Last week, the Commercial Court issued a writ of execution instructing court officers to seize and sell the land, goods, and chattels of MBAC. The order, amounting to US$11,226,573.85, further authorizes the seizure of the company's real estate if its movable assets prove insufficient.

Following the execution orde...