Mon 05/15/2023 04:33 AM
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Relevant Documents:
Cayman Companies Act (2023 Revision)
Offering Memorandum - $200M 12% Senior Notes Due 2023 (OM)
Reorg Asia Highlights:

  • The Cayman Court has rejected Shenwan Hongyan Strategic Investments (H.K.) Limited’s (Shenwan) petition to wind up Shinsun Holdings (Group) Co., Ltd. (Shinsun) under the latter’s defaulted $200 million 12% senior notes due 2023 (Notes). This was despite Shenwan holding 25% in aggregate principal of the outstanding Notes;

  • The Cayman...
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