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Two BVI companies that were part of Tokyo-headquartered alternative investor Pacific Alliance Group and were erroneously liquidated and dissolved following a “massive breakdown” of communications will be restored to the islands’ company register.
19 March 2021
A Spanish cosmetics manufacturer has been prevented from bringing a winding-up petition against a Chinese partner company, after a Hong Kong court found there was evidence of a “genuine and serious” cross-claim following separate arbitration awards last year.
16 March 2021
Hong Kong-listed premium menswear retailer Trinity has applied to appoint light touch joint provisional liquidators in Bermuda, three months after Standard Chartered Bank filed winding up petitions against it.
10 March 2021
The trustee of a compensation trust set up as part of Takata’s Chapter 11 plan has been allowed to serve an adversary proceeding on a Japanese insurance company’s US counsel, after a Delaware court found the costs of complying with the Hague Convention for service overseas would reduce funds available to victims of its faulty airbags.
25 February 2021
Updated: European firm Jeantet has established a restructuring practice with a four-lawyer team from France's Fidal in Paris; while White & Case has hired from Clifford Chance in Japan and GÖRG from Anchor Rechtsanwälte in Germany.
11 January 2021
More than two years after Japanese auto parts company Takata exited bankruptcy in the US and Japan, car manufacturers that used its faulty air bags have reached a settlement with class action plaintiffs in Canada.
04 January 2021
A Delaware-registered arm of bankrupt Thai-owned upmarket grocer Dean & DeLuca has filed an adversary claim in New York against its former Japanese joint venture partner and an affiliate, arguing they took advantage of the grocer’s insolvency to buy shares at a steep discount.
04 December 2020
Kuala Lumpur-based Lim Chee Wee Partnership is acting for leasing company BOC Aviation in its efforts to derail Malaysian airline AirAsia X's scheme of arrangement – while Indonesia’s Lion Air is facing a bankruptcy application and Japan’s ANA Holdings has announced a number of cost-cutting measures.
27 October 2020
The receivers of a BVI investment company have been prevented from replacing the directors of its Japanese subsidiary, after a local court found a Singaporean investor could not apply on their behalf.
14 October 2020
Lawyers from Japan and Singapore discussed how debtors are benefiting from new out-of-court and cross-border processes in their respective jurisdictions and predicted that these debtor-friendly tools will be put through their paces amid a covid-19 restructuring surge.
20 May 2020
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