Liquidations & Insolvencies

Restoration and Winding Up Petition in AI MTBL SPV, LLC, of Delaware, USA v. MTBL Global Fund at the Grand Court of the Cayman Islands.

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Bermuda by Lawrence Hickey, as the Foreign Representative of Digicel Group Holdings Ltd., filed at the U.S. Bankruptcy Court for the Southern District of New York.

Complaint in FTX Trading Ltd., an Antigua and Barbuda company that was based in the Bahamas; Maclaurin Investments Ltd., formerly known as Alameda Ventures Ltd., of the Seychelles, and West Realm Shires Services Inc., of Delaware, USA v. LayerZero Labs Ltd., of the British Virgin Islands; Ari Litan, described as a resident of Florida, USA, and Skip & Goose LLC, of Kansas, USA, at the U.S. Bankruptcy Court for the District of Delaware.

Complaint for "repayment of more than $61,500,000.00" in IIG Structured Trade Finance Fund Limited (in Official Liquidation), of the Cayman Islands v. Sancor Cooperativas Unidas Limitada, of Argentina, and Sancor do Brasil Productos Alimenticios Ltda., of Brazil, at the U.S. Bankruptcy Court for the Southern District of New York.

Petition for Court Supervision of a Voluntary Liquidation in the matter of Green Oak Re, SPC (in Voluntary Liquidation) at the Grand Court of the Cayman Islands.

Complaint in Celsius Network Ltd. v. Equities First Holdings LLC and Alexander Christy at the U.S. Bankruptcy Court for the Southern District of New York.

Complaint "for turnover of certain property" in Genesis Global Capital LLC v. Digital Currency Group Inc. at the U.S. Bankruptcy Court for the Southern District of New York.

Complaint "to recover undisputed amounts of digital assets owed to GGC by DCGI in connection with a loan" in Genesis Global Capital LLC, described as a Delaware company "that provides lending and borrowing services for digital assets and fiat currency" v. DCG International Investments Ltd., described as a Bermuda company "that engages in venture capital investing in the digital currency market", at the U.S. Bankruptcy Court for the Southern District of New York.

Petition for Court Supervision of a Voluntary Liquidation in the matter of Ancora Re SPC (in Voluntary Liquidation).

Winding Up Petition by an investor who "is concerned that she has been the victim of fraudulent conduct" in Ning Du, of Beijing, China v. LM Fund One Ltd. at the Grand Court of the Cayman Islands.

Chapter 11 Petition in the matter of AgileThought, Inc., AgileThought, S.A.P.I. de C.V., AN Global LLC, 4th Source Holding Corp., 4th Source Mexico, LLC, 4th Source, LLC, AgileThought Argentina, S.A., AgileThought Brasil-Consultoria Em Tecnologia LTDA, AgileThought Brasil Servicos de Consultoria Em Software, AgileThought Costa Rica, S.A., AgileThought Digital Solutions, S.A.P.I. de C.V., AgileThought México, S.A. de C.V., AgileThought, LLC, AgileThought Servicios Administrativos, S.A. de C.V., AgileThought Servicios Mexico, S.A. de C.V., AGS Alpama Global Services México, S.A. de C.V., AGS Alpama Global Services USA, LLC, AN Data Intelligence SA de CV, AN Extend, S.A. de C.V., AN Evolution S. de R.L. de C.V., AN USA, AN UX, S.A. de C.V., Anzen Soluciones, S.A. de C.V., Cuarto Origen, S. de R.L. de C.V., Entrepids México, S.A. de C.V., Entrepids Technology Inc., Facultas Analytics, S.A.P.I. de C.V., Faktos Inc, S.A.P.I. de C.V., IT Global Holding LLC, QMX Investment Holdings USA, Inc., and Tarnow Investment, S.L. at the U.S. Bankruptcy Court for the District of Delaware.

Originating Application in Sinowest Construction Group Limited, of London, England v. Mozano Limited at the British Virgin Islands High Court.

Complaint in IIG Global Trade Finance Fund Limited (in Official Liquidation), IIG Structured Trade Finance Fund Limited (in Official Liquidation), both of the Cayman Islands, and Christopher Kennedy and Alexander Lawson, as Joint Official Liquidators and as assignees of the creditors of IIG Global Trade Finance Fund Limited (in Official Liquidation) and IIG Structured Trade Finance Fund Limited (in Official Liquidation) v. International Investment Group L.L.C., Trade Finance Trust, Deutsche Bank Trust Company Americas, Assured Investment Management LLC (f/k/a BlueMountain Capital Management, LLC), Tennenbaum Capital Partners, LLC, KKR Credit Advisors (US) LLC, Elanus Capital Management, LLC, BlueMountain Foinaven Master Fund L.P., BlueMountain Logan Opportunities Master Fund L.P., BlueMountain Montenvers Master Fund SCA SICAV-SIF, BlueMountain Timberline Ltd., BlueMountain Kicking Horse Fund L.P., BlueMountain Credit Opportunities Master Fund I L.P., Tennenbaum Senior Loan Fund IV-B, LP, Tennenbaum Senior Loan Fund II, LP, Tennenbaum Senior Loan Operating III, LLC, Corporate Capital Trust, Inc., KKR Debt Investors II (2006) (Ireland) L.P., KKR TRS Holdings, Ltd., KKR-PBPR Capital Partners L.P., Special Value Continuation Partners, LP, and Elanus Capital Investments Master SP Series 1, John Doe Subsequent Transferees 1-10,000 at the U.S. Bankruptcy Court for the Southern District of New York.

Fixed Date Claim Form in Summit Prestige Enterprises Limited, One Worldwide Group Limited, Top Integrated Group Limited, and Asset Reliance International Limited v. Wing Sze Tiffany Wong and Edward Simon Middleton, of Alvarez& Marsal, "in their capacity as Hong Kong Court-appointed liquidators of China Properties Group Limited", and Overseas Management Company Trust (B.V.I.) Ltd., described as "the registered agent in the BVI for each of the Claimants", at the British Virgin Islands High Court.

Petition for Court Supervision of a Voluntary Liquidation in the matter of Business Finance Opportunities Fund LP (in Voluntary Liquidation) at the Grand Court of the Cayman Islands.

Petition for Court Supervision of a Voluntary Liquidation in the matter of Pioneer Merger Corp. (in Voluntary Liquidation) at the Grand Court of the Cayman Islands.

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Russia by Alexander Ivanovich Gavva, as the Foreign Representative of Aleksandr Vitalievich Sabadash, filed at the U.S. Bankruptcy Court for the Central District of California.

Application by Cosimo Borrelli, as Joint Provisional Liquidator of Global Fixed Income Fund I Limited (in Official Liquidation), Principal Investing Fund I Limited (in Official Liquidation), Long View II Limited (in Official Liquidation), all of the Cayman Islands, and Real Assets (RA) Global Opportunity Fund I Ltd. (in Provisional Liquidation), of the British Virgin Islands, to take discovery from Citibank N.A. and Brown Brothers Harriman for use in legal proceedings in England regarding the alleged "misdeeds of brothers Mutaz Otaibi and Hussam Otaibi, and James Wilcox, and abuse of their roles within the Floreat group of companies", filed at the U.S. District Court for the Southern District of New York.

Chapter 11 Petition by Mallinckrodt Plc, Acthar IP Unlimited Company, IMC Exploration Company, Infacare Pharmaceutical Corporation, INO Therapeutics LLC, Ludlow LLC, MAK LLC, Mallinckrodt APAP LLC, Mallinckrodt ARD Finance LLC, Mallinckrodt ARD Holdings Inc., Mallinckrodt ARD Holdings Limited, Mallinckrodt ARD IP Unlimited Company, Mallinckrodt ARD LLC, Mallinckrodt Brand Pharmaceuticals LLC, Mallinckrodt Buckingham Unlimited Company, Mallinckrodt CB LLC, Mallinckrodt Critical Care Finance LLC, Mallinckrodt Enterprises Holdings, Inc., Mallinckrodt Enterprises LLC, Mallinckrodt Enterprises UK Limited, Mallinckrodt Equinox Finance LLC, Mallinckrodt Hospital Products Inc., Mallinckrodt Hospital Products IP Unlimited Company, Mallinckrodt International Finance S.A., Mallinckrodt International Holdings S.à r.l., Mallinckrodt IP Unlimited Company, Mallinckrodt LLC, Mallinckrodt Lux IP S.à r.l., Mallinckrodt Manufacturing LLC, Mallinckrodt Pharma IP Trading Unlimited Company, Mallinckrodt Pharmaceuticals Ireland Limited, Mallinckrodt Pharmaceuticals Limited, Mallinckrodt Quincy S.à r.l., Mallinckrodt UK Finance LLP, Mallinckrodt UK Ltd., Mallinckrodt US Holdings LLC, Mallinckrodt US Pool LLC, Mallinckrodt Veterinary, Inc., Mallinckrodt Windsor Ireland Finance Unlimited Company, Mallinckrodt Windsor S.à r.l., MCCH LLC, MEH, Inc., MHP Finance LLC, MKG Medical UK Ltd., MNK 2011 LLC, MUSHI UK Holdings Limited, Ocera Therapeutics, Inc., Petten Holdings Inc., SpecGx Holdings LLC, SpecGx LLC, ST Operations LLC, ST Shared Services LLC, ST US Holdings LLC, ST US Pool LLC, Stratatech Corporation, Sucampo Holdings Inc., Sucampo Pharma Americas LLC, Sucampo Pharmaceuticals LLC, Therakos, Inc., Vtesse LLC, and WebsterGx Holdco LLC at the U.S. Bankruptcy Court for the District of Delaware.

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Germany by Dietmar Haffa, as the Foreign Representative of North Channel Bank GmbH & Co., filed at the U.S. Bankruptcy Court for the District of Delaware.

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Bermuda by Michael Morrison and Charles Thresh, as the Foreign Representatives of White Rock Insurance (SAC) Limited, described as "an indirectly controlled subsidiary of Aon Plc, a global professional services firm providing a broad range of services, including insurance and reinsurance brokerage and insurance management services", filed at the U.S. Bankruptcy Court for the District of Delaware. Editor's Note: The underlying insolvency proceedings are being conducted in secret at Bermuda Supreme Court, in keeping with the Court's policy of concealing negative information about Bermuda businesses from the general public.

Winding Up Petition in Bank Julius Baer & Co. Ltd., of Hong Kong v. JBAM Global Income Fund at the Grand Court of the Cayman Islands.

Winding Up Petition in MENA Energy Services Holdings Limited v. BPGIC Holdings Limited, whose shareholders include prominent United Arab Emirates citizen Sheikh Mohammed bin Khalifa bin Zayed Al Nahyan, at the Grand Court of the Cayman Islands.

Petition for the Appointment of Restructuring Officers in the matter of AuBit International, formerly known as AuBit Tokens International, which "was originally incorporated to explore opportunities to create and market innovative digital financial products and digital assets using blockchain technology" and later "expanded into creating an innovative digital asset management platform", at the Grand Court of the Cayman Islands.

Fixed Date Claim Form regarding Bull's-Eye Limited in Intended Features Limited (in Liquidation), of Hong Kong, described as the holder of a judgment for HK$713 million v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.

Originating Application for the appointment of liquidators regarding an alleged debt of £1 billion in Bank of Scotland Plc v. Penultimate Investment Holdings Limited, which is reportedly the indirect owner of the Telegraph Media Group Limited and The Spectator (1828) Limited, at the British Virgin Islands High Court.

Petition for Court Supervision of a Voluntary Liquidation in the matter of Defined Returns Partnership LP (in Voluntary Liquidation) at the Grand Court of the Cayman Islands.

Petition for Court Supervision of a Voluntary Liquidation in the matter of Defined Returns General Partnership (GP) Limited (in Voluntary Liquidation) at the Grand Court of the Cayman Islands.

Petition for Court Supervision of a Voluntary Liquidation in the matter of Defined Return Fund Plc (in Voluntary Liquidation) at the Grand Court of the Cayman Islands.

Petition for Court Supervision of a Voluntary Liquidation in the matter of Argent Fund SPC (in Voluntary Liquidation) at the Grand Court of the Cayman Islands.

Petition for Court Supervision of a Voluntary Liquidation in the matter of Life Settlement Strategy Fund SPC (in Voluntary Liquidation) at the Grand Court of the Cayman Islands.

Complaint "for turnover that arises from Olshan’s refusal to produce to the Foreign Representative documents in Olshan's possession, custody, or control that relate to its prior representation of Ligon 158" in John Sheahan, of Australia, as liquidator of B.C.I. Finances Pty Limited, Binqld Finances Pty Limited, E.G.L. Development (Canberra) Pty Limited, Ligon 268 Pty Limited, Gerobin Finances Pty Ltd., Erbin Finances Pty Ltd., Rawbin Finances Pty Ltd., Marbin Finances Pty Ltd., Erma Nominees Pty Ltd., and Ligon 158 Pty Ltd. v. Olshan Frome Wolosky LLP, a New York-based law firm, at the U.S. Bankruptcy court for the Southern District of New York.

Writ of Summons and Statement of Claim in Abraaj SPV 108 Limited and Abraaj SPV 127 Limited v. IGCF SPV 21 Limited at the Grand Court of the Cayman Islands.

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in the Netherlands by Johannes Padberg and Robin de Wit, as the Foreign Representatives of VanMoof B.V., described as "a global bicycle manufacturer headquartered in the Netherlands and founded in 2005 in Amsterdam by brothers Taco and Ties Carlier", filed at the U.S. Bankruptcy Court for the Eastern District of New York.

Chapter 15 Petition for Recognition of Foreign Main Proceedings in the British Virgin Islands and Hong Kong by Jimmy Fong, as the Foreign Representative of China Evergrande Group, of the Cayman Islands, and Tianji Holdings Limited, of Hong Kong, and Anna Silver, as the Foreign Representative of Scenery Journey Limited, of the British Virgin Islands, all of which are part of a group that is "principally engaged in property development, property investment, property management, new energy vehicle development and production, and cultural tourism business in China", filed at the U.S. Bankruptcy Court for the Southern District of New York.

Chapter 11 Petition by Vesttoo US Inc., Vesttoo Ltd., Vesttoo SPV Holdings LLC, Vesttoo Reinsurance Intermediary Services Inc., Vesttoo Asset Management LLC, Vesttoo Securities (USA) LLC, Vesttoo UK Ltd., Vesttoo Japan Co., Ltd., Vesttoo Korea Inc., Vesttoo Holdings Ltd., Vesttoo Hong Kong Limited, Vesttoo Malta Ltd., Vesttoo Malta Trading Ltd., Vesttoo Marketplace Ltd., Vesttoo Alpha Holdings Ltd., Vesttoo Bermudian Bay Ltd., Vesttoo Alpha P&C Ltd., Vesttoo Alpha Special Purpose Trust, Vesttoo Alpha Manager Ltd., Vesttoo Alpha P&C Fund GP L.P., Vesttoo Alpha P&C Fund L.P., Vescor Bay GP L.P., Vescor Bay L.P., Vesttoo Partners 101 L.P., Vesttoo Partners 102 L.P., Vesttoo Partners 103 L.P., Vesttoo Partners 104 L.P., Vesttoo Partners 105 L.P., Vesttoo Bay One Limited Partnership, Vesttoo Bay X Limited Partnership, Vesttoo Bay XI Limited Partnership, Vesttoo Bay XII Limited Partnership, Vesttoo Bay XIII Limited Partnership, Vesttoo Bay XIV Limited Partnership, Vesttoo Bay FIFTEEN Limited Partnership, Vesttoo Bay XVI Limited Partnership, Vesttoo Bay XVII Limited Partnership, Vesttoo Bay XVIII Limited Partnership, Vesttoo Bay XIX Limited Partnership, Vesttoo Bay XX Limited Partnership, Vesttoo Bay XXI Limited Partnership, Vesttoo Bay XXII Limited Partnership, Vesttoo Bay XXIII Limited Partnership, Vesttoo Bay XXIV Limited Partnership, Vesttoo Bay XXV Limited Partnership, Vesttoo Bay One Hundred Limited Partnership, Vesttoo Bay One Hundred One Limited Partnership, Vesttoo Bay One Hundred Two Limited Partnership, and Vesttoo Bay 103 Limited Partnership at the U.S. Bankruptcy Court for the District of Delaware.

Chapter 11 Petition by Cóndor Inversiones SpA, formerly known as Alto Patache Solar SpA, of Chile; Condor II LLC, of Texas, and Huemul Inversiones SpA, of Chile, at the U.S. Bankruptcy Court for the Southern District of Texas.

Application by William Laggner to take discovery from Ricardo Salinas Pliego, described as "the third wealthiest individual in Mexico" who is "the founder and chairman of Grupo Salinas, a corporate conglomerate", for use in legal proceedings in the Cayman Islands involving a petition to wind-up crypto and blockchain firm Uphold Ltd. amid allegations that "Board members Adrian Steckel, James Chen, and former Uphold CEOs J.P. Thieriot, Anthony Watson, and Tim Parsa, in concert with Salinas, engaged in a series of unlawful and self-enriching transactions to the detriment of the Company and other shareholders", filed at the U.S. District Court for the District of Colorado.

Public Notice that Mathew Clingerman, of Kroll, and Andrew Childe and Richard Lewis, both of FFP, have been appointed as Joint Liquidators of St. John's Trust Company (PVT) Limited at Bermuda Supreme Court.

Public Notice by the Bermuda Monetary Authority that it has petitioned Vesttoo Alpha P&C Ltd. into provisional liquidation at Bermuda Supreme Court.

Winding Up Petition in Osman Mohammed Arab and Lai Wing Lun, of RSM Corporate Advisory (Hong Kong) Limited v. GSN Corporations Limited at the Grand Court of the Cayman Islands.

Winding Up Petition in Waypoint Leasing US 8A LLC, of Delaware v. Waypoint Leasing Holdings Ltd., described as "the ultimate parent company" of a group that was "formerly the largest independent helicopter leasing group in the world", at the Grand Court of the Cayman Islands.

Petition for the Court's sanction of a Scheme of Arrangement in the matter of E-House (China) Enterprise Holdings Limited, described as "the ultimate holding company of a group of more than 300 companies that primarily carries on the business of real estate agency services, real estate data and consulting services and real estate brokerage network services in the People's Republic of China", at the Grand Court of the Cayman Islands.

Petition for Court Supervision of a Voluntary Liquidation in the matter of Aries I Acquisition Corporation (in Voluntary Liquidation) at the Grand Court of the Cayman Islands.

Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Canada by Corey Ross, as the Foreign Representative of Lighthouse Immersive Inc. and Lighthouse Immersive USA Inc., described as being "in the business of producing immersive show exhibits in Canada, the United States, and various cities around the world", most notably "Immersive Van Gogh", filed at the U.S. Bankruptcy Court for the District of Delaware.

Chapter 11 Petition by Voyager Aviation Management Ireland Designated Activity Company, of Ireland; A330 MSN 1432 Limited, A330 MSN 1579 Limited, Aetios Aviation Leasing 1 Limited, Aetios Aviation Leasing 2 Limited, Cayenne Aviation LLC, Cayenne Aviation MSN 1123 Limited, Cayenne Aviation MSN 1135 Limited, DPM Investment LLC, Intrepid Aviation Leasing LLC, N116NT Trust, Panamera Aviation Leasing IV Limited, Panamera Aviation Leasing VI Limited, Panamera Aviation Leasing XI Limited, Panamera Aviation Leasing XII Designated Activity Company, Panamera Aviation Leasing XIII Designated Activity Company, Voyager Aircraft Leasing LLC, Voyager Aviation Aircraft Leasing LLC, Voyager Aviation Holdings LLC, and Voyager Finance Co. at the U.S. Bankruptcy Court for the Southern District of New York.

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Chapter 15 Petition for Recognition of a Foreign Main Proceeding in Canada by Peter Kravitz, as the Foreign Representative of NextPoint Financial Inc., NPI Holdco LLC, NPLM Holdco LLC, LT Holdco LLC, MMS Servicing LLC, LT Intermediate Holdco LLC, LoanMe LLC, SiempreTax+ LLC, JTH Tax LLC, LoanMe Funding LLC, Liberty Tax Holding Corporation, LM Retention Holdings LLC, LoanMe Trust Prime 2018-1, LoanMe Trust SBL 2019-1, LoanMe Stores LLC, InsightsLogic LLC, LM 2020 CM I SPE LLC, Liberty Tax Service Inc., JTH Financial LLC, JTH Properties 1632 LLC, Liberty Credit Repair LLC, Wefile LLC, JTH Tax Office Properties LLC, LTS Software LLC, JTH Court Plaza LLC, 360 Accounting Solutions LLC, LTS Properties LLC, CTAX Acquisition LLC, Community Tax Puerto Rico LLC, and Community Tax LLC at the U.S. Bankruptcy Court for the District of Delaware.

Fixed Date Claim Form regarding Black Sea Partners Limited in G.N. Terminal Enterprises Limited (in Receivership and Provisional Liquidation) v. The Registrar of Corporate Affairs at the British Virgin Islands High Court.

Order for the disclosure of information regarding crypto wallets in the names of Pavel Sidorov and Damian Carreras and for public examination in Miracle World Ventures Limited, of the British Virgin Islands, acting through its Joint Liquidators (Adrian Hyde, Joanne Wild, and Brian Simpson, all of Begbies Traynor) v. Alla Nicolayevna Babenko at Gibraltar Supreme Court.