Liquidators in Hong Kong, who have been trying to take control of Cayman-incorporated China Properties Group against months of resistance from its directors, are petitioning to wind up its Hong Kong subsidiaries indirectly owned through the BVI after failing to persuade a local court to order meetings to replace their boards.
18 March 2024
A Dutch court has declined to adopt a tailor-made protocol established by a New York judge to guide the global bankruptcy of coffee trader Mercon but said it has no objection to making the JIN guidelines applicable in the case.
18 March 2024
A Russian a bankruptcy trustee trying to get control of an Italian villa that she claims belongs to former Vneshprombank owner Georgy Bedzhamov, will go to trial against his long-term partner – who claims the property belongs to her – in May, where questions will be raised over a litigation funding agreement the trustee has entered that could be in breach of sanctions.
15 March 2024
Parties seeking to appoint receivers over more than one segregated portfolio belonging to the same company do not need to make separate applications, a judge in the Cayman Islands has found, refunding the filing fees for a segregated portfolio company that was forced to make nine different petitions.
14 March 2024
FRP advisory has expanded offshore with a new acquisition on the Isle of Man, days after an FRP partner and a director moved to Kroll in London.
12 March 2024
Two Arnold & Porter partners from Chicago and New York, who together worked for an ad hoc term loan group in cinema operator Cineworld’s 2022 Chapter 11, have jumped to Clifford Chance in the Big Apple.
11 March 2024
Jackson Walker has claimed the US Trustee’s attempts to challenge its fees in several closed Chapter 11 cases should fail because it hasn’t pleaded any “plausible factual or legal bases” for reopening the cases, while the firm has also been hit with another RICO suit alongside its regular co-counsel Kirkland & Ellis.
08 March 2024
Notes trustee Citicorp International has been substituted as the petitioner in a winding up motion against Chinese property developer Kaisa Group, while Evergrande’s liquidators have appointed Clifford Chance as its legal advisers.
08 March 2024
A British Virgin Islands-based Harneys partner is relocating to Hong Kong to join Appleby’s disputes practice, bringing with him over 30 years of experience working in the UK, Ireland and the Caribbean.
08 March 2024
A month after recruiting a new head for its Caribbean offering, UK-headquartered advisory firm Quantuma has added a cross-border specialist from Big Four firm PwC to its British Virgin Islands office.
07 March 2024
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