Asset recovery

Russian bankrupt opposes freezing injunction extension following recognition

Once foreign bankruptcy proceedings have been recognised, the English courts lack “small j jurisdiction” to continue a pre-recognition freezing injunction against the debtor, counsel to a bankrupt Russian businessman argued this week – ahead of a new recognition hearing in the Isle of Man.

19 February 2021

Quantuma acquires new Cayman firm

UK-headquartered Quantuma has acquired a Cayman Islands-based advisory firm recently founded by asset recovery specialist Angela Barkhouse, stating it wants to replicate its past success expanding internationally in Cyprus and Mauritius.

07 January 2021

First “persons unknown” injunction granted in Malaysia

In the first reported judgment of its kind in Southeast Asia, a Malaysian court has granted a Mareva injunction to help a German chemical company recover funds from an unknown international fraudster.

06 January 2021

Campbells hires new managing partner in Hong Kong

Offshore law firm Campbells has hired Shaun Folpp from Mourant to take over the management of its Hong Kong office.

21 August 2020

Grenada developer tries to block winding-up with UK law breach claim

The Supreme Court of Grenada has declined to strike out a winding-up petition brought against a local property developer after finding minor procedural breaches of UK law did not warrant “draconian action”.

23 July 2020

Singapore court recognises energy company's Hong Kong liquidation

A Singapore court has recognised the Hong Kong liquidation of energy company Shanghai Huaxin Group under its three-year-old Model Law legislation, expanding a multi-jurisdictional bankruptcy linked to an international bribery scandal.

17 July 2020

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