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Fifth Pacific Andes arm to be wound up in BVI

By Tom Rhys Davies

15 February 2017

Fifth Pacific Andes arm to be wound up in BVI iStockphoto.com/AlexRaths

A fifth BVI-registered subsidiary of Chinese Industrial fishing company Pacific Andes International Holdings has entered liquidation, while major financier HSBC has attacked discovery applications brought against it by the trustee in separate US Chapter 11 proceedings.