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The provisional liquidators of a Bermuda-incorporated investment holding company and the liquidators of a Bermudian water company are seeking Chapter 15 recognition of their appointments, in separate proceedings filed in New York in September.
01 October 2020
Deloitte partners Andrew Grimmett and Justin Lim have been appointed as interim judicial managers over two subsidiaries of oil and gas group KS Energy in Singapore, after the group failed to come to an agreement with its largest creditor.
21 September 2020
Offshore firm Carey Olsen has hired a new head for its dispute resolution and litigation practice in the British Virgin Islands, from Maples Group.
14 September 2020
A Hong Kong court has recognised the Bermudian “soft-touch” provisional liquidations of a metals company and a commodities trader, but has asked for consistency from foreign officeholders and courts seeking assistance.
08 September 2020
Mayer Brown partners Trevor Borthwick and Devi Shah in London, Tom Pugh in Hong Kong and counsel Monique Mulcare in New York ask: is further legal liberalisation needed to stimulate the rescue of viable companies affected by the covid-19 pandemic?
07 September 2020
A Cayman Islands court has approved a cross-border communications protocol for the first time, agreeing a process for working with courts in New York, Chile and Colombia on Chilean airline LATAM’s restructuring.
27 August 2020
Offshore law firm Campbells has hired Shaun Folpp from Mourant to take over the management of its Hong Kong office.
21 August 2020
A Cayman court has declined to extend a worldwide freezing order against China’s Luckin Coffee chain, which entered provisional liquidation in July after confirming it misstated its 2019 accounts.
13 August 2020
A Bermudian court has appointed light-touch provisional liquidators over a locally incorporated paper company and asked a Hong Kong court for assistance, amid a potential investigation into auditing issues at the company.
27 July 2020
Hong Kong-based Harneys consultant Lorinda Peasland and its head of restructuring in Asia, Chai Ridgers, set out their case for a formal restructuring regime in Hong Kong. With corporates facing “unprecedented pressure” at the moment, they say the lack of a formal regime could push otherwise viable businesses into liquidation.
07 July 2020
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