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  • September 17, 2014
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  1. News - Hong Kong - COURTS

    Criminal charges, writs... now Hui faces bankruptcy

    Posted Sep 25th 2013, 12:00am by JULIE CHU

    ... Julie Chu julie.chu@scmp.com Criminal charges, writs... now Hui faces bankruptcy The Bank of East Asia has filed a petition with the High Court to bankrupt the embattled former chief secretary Rafael Hui Si-yan. Writs demanding payment on millions of dollars worth of loans have been piling up against Hui, who is embroiled in the most high-profile corruption case in Hong ...

  2. Business - Companies

    Judge approves AMR bankruptcy plan, pending antitrust lawsuit

    Posted Sep 13th 2013, 11:23am by Reuters

    ... Reuters in New York A US bankruptcy judge on Thursday approved AMR Corp’s plan to exit bankruptcy, subject to resolution of a US government lawsuit to block a proposed merger with US Airways Group. Judge Sean Lane approved the plan at a hearing in the US Bankruptcy Court in New York. It was the American Airlines parent’s third attempt to convince Lane to approve the deal ...

  3. Millionaire wins bankruptcy fee battle

    Posted Jan 06th 2011, 12:00am by Joyce Man

    ... bankrupt in Hong Kong over HK$86,000 in unpaid management and renovation fees, and was ordered to pay HK$2.3 million in fees levied by the Official Receiver for handling his bankruptcy ... said it was 'unsatisfactory' that the Official Receiver had no power to waive or compromise on the fees, which were prescribed by the Bankruptcy (Fees & Percentages) Order. ...

  4. Business - Economy

    Judge speeds hearing on Detroit bankruptcy eligibility

    Posted Aug 28th 2013, 02:16pm by Reuters

    ... Joseph Lichterman in Detroit The federal judge overseeing Detroit’s bankruptcy filing is accelerating the already hurried process of determining whether the city is eligible for protection ... of the trial on the issue of eligibility. Detroit filed the largest municipal bankruptcy in US history on July 18. Kevyn Orr, Detroit’s state-appointed emergency manager, has said he wants the city ...

  5. Business - China Business - ANALYSIS

    Bankruptcy law's failings cut both ways

    Posted Aug 26th 2013, 12:00am by Jasper Moiseiwitsch

    ... Bankruptcy law's failings cut both ways The provisional liquidation of China Metal Recycling (CMR) initiated by the Securities and Futures Commission opens up an intriguing possibility: could this end up in mainland bankruptcy court? If so, it would be an important test case for offshore creditors in terms of their ability to recover money from a defaulted mainland issuer. That would ...

  6. Business - Companies

    Fisker can seek vote on plan to distribute sale proceeds

    Posted Jun 11th 2014, 01:15am by BLOOM

    ... Bloomberg Wilmington, Delaware Fisker can seek vote over sale proceeds Fisker Automotive, the defunct maker of luxury plug-in cars, won bankruptcy court permission to seek creditor votes on a liquidation plan that will distribute proceeds from a US$149.2 million asset sale. US bankruptcy judge Kevin Gross yesterday approved the company's disclosure statement, an explanation ...

  7. Have the banks learned their lesson after minibond fiasco?

    Posted Mar 29th 2011, 12:00am by Enoch Yiu

    ... Enoch Yiu Sixteen Hong Kong banks on Sunday offered to pay back Lehman minibond investors up to 96.5 per cent of their investments. While this may provide some relief to those who got burned with minibonds, it fails to address the questions about mis-sell ...

  8. Business - Companies

    AMR bankruptcy judge leans toward reorganization plan approval

    Posted Aug 30th 2013, 10:47am by Reuters

    ... Nick Brown in New York A US bankruptcy judge on Thursday hinted he would approve AMR Corp’s bankruptcy exit plan despite the government’s challenge to its main component: AMR’s planned megamerger with US Airways Group Inc. At a hearing at US Bankruptcy Court in Manhattan, Judge Sean Lane held off on confirming the plan for American Airlines’ bankrupt parent, but said he found ...

  9. Business - Companies

    US judge approves Kodak plan to exit bankruptcy

    Posted Aug 21st 2013, 11:17am by Reuters

    ... Nick Brown in New York Eastman Kodak, once a mighty photography pioneer, has earned court approval for a plan to emerge from bankruptcy as a much smaller digital-imaging company. The green light from US Bankruptcy Judge Allan Gropper in New York puts Kodak on track to exit bankruptcy in about two weeks. “It will be enormously valuable for the company to get out of Chapter 11 ...

  10. Business - Companies

    Judge expresses doubts about AMR bankruptcy exit

    Posted Aug 16th 2013, 11:24am by Reuters

    ... Nick Brown in New York A judge asked AMR Corp for guidance on whether he should approve its plan to exit bankruptcy, in light of an antitrust challenge to its planned merger with US Airways Group. The request suggested Judge Sean Lane would hold off on approving AMR’s plan at a hearing in US bankruptcy court in New York. Lane said he had “lingering doubts” as to whether ...




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