Work Area: Liquidation

A year after it launched in the Cayman Islands, all female insolvency, litigation and regulatory boutique Claritas has expanded with the addition of a former barrister who previously worked at Walkers in Singapore.

20 September 2023

A Hong Kong court has granted interim relief to the local, COMI-appointed liquidators of China Properties Group against opposition from an ex-group director who claimed it would interfere with the jurisdiction of the courts in the British Virgin Islands, the place of incorporation of some of the group’s subsidiaries.

18 September 2023

US bankruptcy proceedings will continue to be accessible remotely by audio going forward, after a US federal body decided to extend a temporary policy created during the covid-19 pandemic for safety reasons that was due to expire later this month.

18 September 2023

There is still time to secure a spot at GRR Live in New York, which returns next week with a packed schedule covering the ongoing crypto fallout, post-insolvency financings in Latin America, growing headwinds for cross-border recognition and the new Cayman Islands restructuring officer regime.

15 September 2023

European crypto asset manager Aubit International is facing a winding up petition in the Cayman Islands from the same retail investors who have accused it of orchestrating an “investment scam” in a US lawsuit.

13 September 2023

INSOL International’s president Scott Atkins is extending his term to see through a strategic plan launched last year to reimagine the organisation to 2030. In his opening remarks at INSOL’s first annual conference in Japan, he said the plan’s implementation had “rapidly advanced”, announcing two new regional advisory councils and a soon-to-be-launched ThinkTank.

12 September 2023

A Hong Kong-based supplier and a Cayman Islands fund have secured an order in Singapore giving them priority over other creditors of an international commodities trader, after agreeing to finance the company’s liquidation.

11 September 2023

Appleby has hired a new partner from Ogier who has been providing counsel to the liquidators of multi-billion-dollar crypto hedge fund Three Arrows Capital in the British Virgin Islands.

11 September 2023

Kroll’s Cosimo Borrelli and Mitchell Mansfield have been confirmed as joint official liquidators of Global Fixed Income Fund, after a Cayman judge rejected objections from shareholders that they were biased towards a minority stakeholder – Taiwanese “ultra-high net worth individual” Bruno Wang.

01 September 2023

Digital health group Babylon has entered administration in England and sold its UK operations to a Miami-headquartered at-home medical testing company, with Latham & Watkins and Baker McKenzie both taking roles.

31 August 2023