Despite a “problematic” summons, the Hong Kong liquidator of an eco-friendly kitchenware manufacturer has secured a local court’s permission to seek recognition in mainland China – as Hong Kong prepares to adopt a new arrangement for mutual enforcement of judgments with the mainland next year.
28 November 2023
The Hong Kong liquidators of a Peking University Founder Group subsidiary have won an appeal to wind up another affiliate in the group after a Singaporean court found the company’s attempt to resist the winding up petition was “clearly an abuse of process.”
28 November 2023
Cryptocurrency lender and asset management group Babel has secured a single creditor meeting for a scheme of arrangement that will pool all claims against separate group entities, after a Singaporean court dismissed an objection by a creditor who said it should be in a separate class.
27 November 2023
Global cancer care and radiotherapy specialist GenesisCare has secured confirmation of a Chapter 11 plan in Texas to shave off US$1.7 billion from its US$2 billion debt pile.
27 November 2023
Pharmaceutical investment holding company Pa Shun International has secured approval of a scheme of arrangement through the Hong Kong courts to restructure HK$180 million in bonds and unsecured loans, including claims governed by PRC law.
23 November 2023
A Singaporean court has wound up two subsidiaries of the crypto exchange Atom, upholding a “novel argument” that empowering a liquidator to conduct enhanced investigations for the benefit of unsecured creditors satisfied the just and equitable requirement for a winding up.
22 November 2023
The former head of Australian firm Gilbert + Tobin’s restructuring practice has launched his own boutique in Sydney.
21 November 2023
Sunac China Holdings has become the first Hong Kong-based holding company of a group operating in mainland China to secure recognition of a Hong Kong scheme in New York.
15 November 2023
Cayman Islands-incorporated China Aoyuan Group has become the latest Chinese real estate developer to try and restructure its offshore debt, filing scheme proceedings in the Cayman Islands, British Virgin Islands and Hong Kong to deal with US$6.25 billion of obligations.
14 November 2023
The trustee of a defunct Swiss hotel booking platform has secured recognition in Australia to pursue a lawsuit against its former business partner Trivago, months after it sued its parent, Expedia, in the US.
14 November 2023
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