The liquidators of five affiliated British Virgin Islands shell companies connected with scandal-ridden Malaysian sovereign wealth fund 1MDB have filed for recognition in Miami, adding to at least 12 offshore vehicles that have already petitioned the same court.
21 February 2024
After launching a negotiation process with creditors in September last year, oil and gas company Sapura Energy has received the requisite support from its multi-currency finance facility creditors for a proposed restructuring it will pursue in Malaysia’s courts.
14 December 2023
A joint venture between Shell and the Brunei government has filed two arbitration claims in Singapore against a Malaysian engineering contractor undergoing a US$3 billion debt restructuring.
17 October 2023
A winding-up application launched by two alleged creditors against international real estate developer Guangzhou R&F Properties in China has failed after a mainland court found no evidence the company is insolvent.
14 July 2023
A Toronto-listed roller coaster manufacturer that builds rides for Disney and Universal Studios resorts in the US, Japan and China has sought Chapter 15 relief in Texas while it negotiates a sale to its debtor-in-possession lender.
18 May 2023
The Hong Kong and Cayman-based voluntary liquidators of a cash-strapped segregated portfolio company have asked a Cayman court to supervise its liquidation and allow them to seek recognition in Malaysia and the UK.
01 May 2023
Three subsidiaries of Malaysian oil and gas services company Sapura Energy have secured Singaporean recognition of their ongoing restructuring proceedings following a flurry of winding up petitions filed against the group last year.
01 February 2023
09 September 2022
Malaysia’s apex court will hear whether local judges can “embark on a dissection” of a scheme of arrangement’s “relative commercial merits”, after allowing a subsidiary of a Singapore-listed property group to appeal the rejection of its own scheme earlier this year.
18 July 2022
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
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