Regional news: Latin America & Caribbean

Construction group wound up in Bermuda after Hong Kong delisting

A Bermuda court has terminated the “light touch” provisional liquidation of construction group Hsin Chong Group Holdings after determining that the key benefit of its restructuring “no longer exists”.

19 February 2020

Chinese judgments recognised and enforced in BVI

In what practitioners say could be a first for the jurisdiction, a British Virgin Islands court has recognised and enforced three judgments issued by a Chinese court, appointing equitable receivers over shares issued in a local company.

14 February 2020

Bermuda court appoints liquidators over Hong Kong-listed miner

The Supreme Court of Bermuda has appointed “light touch” joint provisional liquidators over a Hong Kong-listed metal miner and asked the Hong Kong High Court to recognise the order.

13 February 2020

Conyers hires new restructuring head in Cayman

Offshore firm Conyers has hired Alex Potts QC as the new head of its litigation and restructuring practice in the Cayman Islands.

10 February 2020

English court terminates recognition of Bermudian winding-up

Finding it was “contrary” to the purpose of the UNCITRAL Model Law, the High Court in London has terminated an order recognising the winding-up of a solvent Bermudian investment fund.

27 January 2020

BVI court slams Swiss bankruptcy administrator

A British Virgin Islands judge has suggested that a Swiss bankruptcy administrator behaved inappropriately by allegedly refusing to accept service of an application to appoint liquidators over a Swiss holding company.

24 January 2020

Oilfield company engineers pre-pack in Texas

Panama-incorporated engineering giant McDermott International has filed pre-packaged Chapter 11 proceedings in Texas, with a plan it says will eliminate over US$4.6 billion of debt.

22 January 2020

Doncasters Group seeks recognition in Delaware

Three days after the High Court in London convened a pair of scheme meetings for its first- and second-lien lenders, Dubai-owned alloy manufacturer Doncasters Group has filed Chapter 15 proceedings in Delaware.

21 January 2020

Cayman fund seeks protection in New York amid SEC complaint

A Cayman Islands fund is seeking US recognition of its Cayman liquidation, as the US Securities and Exchange Commission investigates allegations that its investment adviser orchestrated a “wide-ranging fraudulent scheme”.

20 January 2020

Gold miner files for bankruptcy in Canada as Armenia arbitration looms

A Jersey-registered gold miner has filed for bankruptcy protection in Canada as it weighs up an investment treaty arbitration against the Armenian government.

06 January 2020

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