Receivership

A Cayman court has issued a winding up order against a locally-incorporated investment fund, days after appointing receivers over some of its affiliate’s Hong Kong-listed shares.

17 September 2021

A Cayman investment fund has secured a bankruptcy order against the Chinese owner of an international care home business, after persuading a Hong Kong judge there was no disputed debt to push the issue before New York courts in line with an exclusive jurisdiction clause.

28 July 2021

A bankrupt’s Hong Kong trustees can take steps to determine whether he has property interests in the UK, after an English judge partially granted a letter of request from their appointing court under Section 426 of the Insolvency Act: but broader requests for relief lifted from the Cross Border Insolvency Regulations will have to wait for "full argument" in November.

09 July 2021

Katten Muchin Rosenman’s new London office is advising administrators appointed by Wells Fargo over the UK arm of an international steel trader, after a receiver took control of the company in the US last year.

12 March 2021

Collas Crill recently brought a novel, successful application to appoint receivers over a promissory note and reconstitute a breach of a Jersey trust in the context of a bitter international family dispute. Group partners Sam Williams and Simon Hurry, who respectively brought the application, and led a team on behalf of the receivers in world-wide enforcement and recovery proceedings, discuss this first instance of a Jersey Court appointing receivers in aid of equitable execution.

04 March 2021

The former head of Freshfields’ Asia restructuring practice and an English-qualified barrister have joined Maples Group as partners in Hong Kong and the Cayman Islands, while the firm has also promoted in London.

02 February 2021

A year on from the foundation of its restructuring practice under Numa Rengot, France’s Franklin has expanded in Paris with a hire from Deloitte’s French firm Taj.

21 January 2021

British Virgin Islands-incorporated special purpose vehicle Rock International Investments is seeking Chapter 15 recognition of its BVI scheme of arrangement, while its parent company has entered bankruptcy proceedings in China.

24 November 2020

Five employees of China’s Shandong Shanshui Cement Group have won retrospective permission to bring claims against receivers from EY, following a ruling in Hong Kong.

30 October 2020

Alvarez & Marsal has expanded in Asia with its first two senior appointments in Singapore, from FTI Consulting and HSBC subsidiary Serai.

28 October 2020