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
Just over a year since it failed to consummate a first scheme, Chinese real estate services group E-House’s latest restructuring attempt has been thrown into question again, by a Chinese bank refusing to release guarantee obligations given by a group subsidiary.
14 March 2024
The Hong Kong branch of China Minsheng Banking Corporation has won approval to appoint a liquidator over British Virgin Islands-incorporated fund Tai Feng Investments, after a BVI court said liquidators can be appointed over a solvent company that is unable or refuses to pay its debts.
05 March 2024
The British Virgin Islands liquidators of a Three Arrows Capital feeder fund have filed Chapter 15 proceedings in New York, while the bankruptcy court in Delaware has recognised the Canadian restructurings of green construction company Nexii and immersive movie group SimEx.
14 February 2024
A former member of XXIV Old Buildings who specialises in insolvency and civil fraud has joined South Square in London, bringing with her experience working on claims stemming from the Madoff liquidation in the British Virgin Islands.
14 February 2024
After failing to present an achievable restructuring plan in a year and a half, China’s Evergrande has been wound up in Hong Kong with Alvarez & Marsal appointed as its liquidators, in an order that may form the first major test for the China-Hong Kong reciprocal recognition and enforcement regime.
29 January 2024
A Chinese construction group has applied to appoint liquidators from the Cayman Islands and Singapore over the holding company of a South Asian pharma group that has failed to pay a mainland judgment debt.
25 January 2024
Caribbean boutique R&H Restructuring has joined HLB Global, an international network of independent advisory and accounting firms, which has members across more than 150 countries in five continents.
09 January 2024
A Moldovan oil group has closed a contested British Virgin Islands scheme and obtained Chapter 15 recognition in a restructuring designed to help it fund enforcement of an arbitral award it won against Kazakhstan over a decade ago.
08 January 2024
Two contributories of a shipping joint venture have failed to persuade a Hong Kong court to replace its British Virgin Islands-based liquidators, who are investigating “questionable transactions” overseen by the contributories’ controller.
05 January 2024
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