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The joint liquidators of three 1MDB-linked British Virgin Islands funds have secured recognition of their appointments in Miami, pledging to obtain discovery in the US to help with their recovery efforts.
18 May 2022
A Cayman court has issued its reasons for permitting the 1MDB-linked beneficial owner of shares in a local investment vehicle, to convert the vehicle's voluntary liquidation into a court-supervised winding up, where proceedings to vindicate share rights can normally only be brought by a registered shareholder under Cayman law.
03 May 2022
Malaysia's Sapura Energy has appointed a senior member of Kroll’s restructuring team to its board after receiving the green light to convene meetings for creditors to vote on a scheme of arrangement.
20 April 2022
Less than two years after collapsing into administration and shutting all its UK stores, British menswear retailer TM Lewin has been bought out of administration again – this time by a Malaysia-based lender.
12 April 2022
The joint liquidators of three British Virgin Islands funds that were allegedly part of a huge fraud perpetrated against Malaysian sovereign wealth fund 1MDB have sought recognition in Miami to further their investigations.
11 April 2022
Two groups of companies that sit within industrial fishing conglomerate Pacific Andes have secured Chapter 11 plan confirmations in New York, after agreeing to remove third-party releases.
17 February 2022
A Malaysian court has sanctioned three schemes of arrangement for construction group Top Builders, throwing out arguments from objecting creditors over class composition and intercompany creditors’ votes.
18 January 2022
Singapore-listed offshore marine operator Ezion Holdings says it plans to enter liquidation after an investment from a Malaysian energy infrastructure company fell through and it failed to complete a US$1.6 billion restructuring.
07 January 2022
Malaysia’s budget flag carrier AirAsia X has secured court approval of its scheme of arrangement, which will see unsecured creditors take a haircut of more than 99%.
17 December 2021
Creditors of the Malaysian budget airline AirAsia X have voted in favour of what was a contested scheme of arrangement that imposes a more than 99% haircut on unsecured debts.
15 November 2021
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