Thu 11/09/2023 02:37 AM
Reorg Asia Highlights:
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Underlying beneficial holders, or UBHs, Zhang Rui Kang and Le Huan-Hsin of Tungshu Venus Holdings Limited’s defaulted $342 million 7% senior notes due 2020 guaranteed by Tunghsu Group, or Notes, had their New York default money judgment recognized by the Hong Kong Court;
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The Hong Kong Court found that there was a “legitimate benefit” to Zhang Rui Kang and Le Huan-Hsin having the New York judgment recognized in Hong Kong, as it could be enforced by way...
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