Morgan Lewis advising as blood storage group’s JPLs seek Ch15 recognition
Blood bag in storage blood refrigerator (Credit: Shutterstock/Komsan Loonprom)
The joint provisional liquidators of a Cayman-registered, mainland China-based umbilical cord blood storage group are seeking Chapter 15 recognition to investigate its affairs in the US, as its largest shareholder attempts to wind it up on just and equitable grounds, alleging fraud and forgery in a transaction with a Texas company.
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