Regional news: Taiwan
VanMoof bought out of bankruptcy after securing Ch15 stay
A subsidiary of motorsport technology company McLaren Applied has agreed to buy Dutch e-bike manufacturer VanMoof out of bankruptcy, two days after the company secured a temporary Chapter 15 stay to halt an injury claim brought against a non-debtor subsidiary in New York.
31 August 2023
English court sanctions Taiwanese energy group’s restructuring plan
UPDATED: German-owned Taiwanese offshore wind project company Yunneng Wind Power has secured sanction of an English restructuring plan that will give it access to €1.7 billion in new money.
22 August 2023
Taiwanese wind project company secures five UK plan creditor meetings
A German-owned Taiwanese offshore wind project company has secured permission to hold five meetings of creditors for a Part 26A plan in the UK that could give it access to at least €1.7 billion in new funding to complete a major wind farm in Taiwanese waters.
26 July 2023
Ascentra’s Cayman liquidators to fight Ch15 termination motion
Three months after a Singapore court denied recognition of beauty products e-commerce company Ascentra’s Cayman liquidation, its foreign representatives are fighting an attempt to have its Chapter 15 recognition terminated in New York.
20 July 2023
Cayman beauty group’s liquidators obtain emergency US relief
The liquidators of a Cayman Islands beauty products e-commerce company have secured emergency relief from a New York bankruptcy court to freeze funds held in the local payment processing account of one of the company’s former clients, amid an international dispute over who owns the funds.
05 November 2021
Alvarez & Marsal hires senior director in China
Continuing its recent hiring spree in Asia, Alvarez & Marsal has hired Standard Chartered’s head of group special assets management in China and Taiwan.
15 December 2020
Miami Chapter 15 for jailed Taiwanese-British IT executive
The joint trustees of Ji-Chuen Jason Tsai, a “thoroughly dishonest” bankrupt Taiwanese-British businessman, have applied for Chapter 15 recognition to track his real estate assets in the US.
14 November 2019
Online grocer seeks Singapore scheme
A Silicon Valley-backed retail start-up in Singapore has announced it will pursue a scheme of arrangement for its S$248 million debt, and appointed Oon & Bazul and DHC Capital for advice.
05 August 2019
Vantage “discrimination” claims dismissed in Chapter 11 appeal
A Taiwanese businessman contesting the US$2.6 billion restructure of an offshore oil drilling group does not have a dog in the fight, a US district court judge has ruled.
26 June 2019