Regional news: Seychelles
Chinese property group faces New York suit over “highly suspicious” missed payments
A group of offshore bondholders advised by Kobre & Kim has filed a claim against Chinese real estate developer Glory Health Industry in New York, claiming it has missed several payments on its senior notes since last July.
19 April 2023
Seychelles court approves CoinFLEX restructuring
Crypto exchange CoinFLEX has won approval of its scheme of arrangement despite objections from potential creditors, after a court in the Seychelles varied an initial order requiring the company to obtain unanimous creditor support.
23 March 2023
Crypto bank Nuri files insolvency proceedings in Germany
As the “crypto winter” continues, a German crypto-focused digital banking platform has entered insolvency proceedings before a Berlin court, while crypto exchange CoinFlex has announced it is seeking to restructure in the Seychelles.
11 August 2022
Administration moratorium has extraterritorial effect, Australian court rules
A BVI court has blocked the enforcement of a deed held by a local arm of Harneys, after an Australian judge found it was subject to an Australian administration moratorium that has effect in foreign jurisdictions.
26 February 2021
Australian voluntary administrators to serve claim on Harneys in BVI
In separate actions in Australia, the voluntary administrators of a Congolese gold mine owner have secured permission to serve a security interest claim on a Harneys arm in the BVI, while a Queensland court is to consider recognising a Singaporean personal bankruptcy.
23 February 2021