High court

EDDIE MIDDLETON AND TIFFANY WONG OF ALVAREZ & MARSAL APPOINTED AS LIQUIDATORS OF CHINA EVERGRANDE GROUP (IN LIQUIDATION)

Retrieved on: 
Monday, January 29, 2024

Mr. Middleton has had a long and distinguished career in the insolvency and restructuring industry, including more than 25 years in Asia.

Key Points: 
  • Mr. Middleton has had a long and distinguished career in the insolvency and restructuring industry, including more than 25 years in Asia.
  • Currently, Mr. Middleton and Ms. Wong are acting as joint liquidators of Genting Hong Kong, Nuoxi Capital Limited (an offshore bond issuer of Peking University Founder Group), Tsinghua UNIC Limited, and China Properties Group Limited.
  • Ms. Wing Sze Tiffany Wong, Managing Director, Alvarez & Marsal Asia Limited commented on the appointment, "We are humbled to have been entrusted with this role.
  • Further announcements and updates will be provided as appropriate and in accordance with the Hong Kong Stock Exchange Listing Rules.

EDDIE MIDDLETON AND TIFFANY WONG OF ALVAREZ & MARSAL APPOINTED AS LIQUIDATORS OF CHINA EVERGRANDE GROUP (IN LIQUIDATION)

Retrieved on: 
Monday, January 29, 2024

Mr. Middleton has had a long and distinguished career in the insolvency and restructuring industry, including more than 25 years in Asia.

Key Points: 
  • Mr. Middleton has had a long and distinguished career in the insolvency and restructuring industry, including more than 25 years in Asia.
  • Currently, Mr. Middleton and Ms. Wong are acting as joint liquidators of Genting Hong Kong, Nuoxi Capital Limited (an offshore bond issuer of Peking University Founder Group), Tsinghua UNIC Limited, and China Properties Group Limited.
  • Ms. Wing Sze Tiffany Wong, Managing Director, Alvarez & Marsal Asia Limited commented on the appointment, "We are humbled to have been entrusted with this role.
  • Further announcements and updates will be provided as appropriate and in accordance with the Hong Kong Stock Exchange Listing Rules.

DR CRAIG WRIGHT ISSUES SETTLEMENT OFFER TO COPA MEMBERS AND ALL PARTIES IN UPCOMING INTELLECTUAL PROPERTY LITIGATION

Retrieved on: 
Wednesday, January 24, 2024

To that end, today I have sent to my opponents in the COPA litigation (Claim No.

Key Points: 
  • To that end, today I have sent to my opponents in the COPA litigation (Claim No.
  • All parties now have 7 days from the date of this offer to agree this settlement, or we shall progress to trial.
  • Issued by: Dr Craig Wright  All enquiries to: [email protected]
    DR WRIGHT'S OFFER TO SETTLE CLAIMS:
    Claim No.
  • IL-2022-000069 Dr Craig Wright & Another v. BTC Core & Others (Identity Issue only) (together the "Claims")
    1.

DR CRAIG WRIGHT ISSUES SETTLEMENT OFFER TO COPA MEMBERS AND ALL PARTIES IN UPCOMING INTELLECTUAL PROPERTY LITIGATION

Retrieved on: 
Wednesday, January 24, 2024

To that end, today I have sent to my opponents in the COPA litigation (Claim No.

Key Points: 
  • To that end, today I have sent to my opponents in the COPA litigation (Claim No.
  • All parties now have 7 days from the date of this offer to agree this settlement, or we shall progress to trial.
  • Issued by: Dr Craig Wright  All enquiries to: [email protected]
    DR WRIGHT'S OFFER TO SETTLE CLAIMS:
    Claim No.
  • IL-2022-000069 Dr Craig Wright & Another v. BTC Core & Others (Identity Issue only) (together the "Claims")
    1.

Presto escalates activities to collect up to $11.1M of non-dilutive cash awarded to the company from XAC in Singaporean ruling

Retrieved on: 
Tuesday, December 5, 2023

Pursuant to the ruling, Presto was awarded approximately $11.1 million in damages.

Key Points: 
  • Pursuant to the ruling, Presto was awarded approximately $11.1 million in damages.
  • This arbitration ruling was affirmed on March 28, 2023 by the High Court in Singapore.
  • The vendor appealed the ruling to the Singapore Court of Appeal, which is now scheduled to be heard in January 2024.
  • This is non-dilutive cash Presto can put to good work in 2024,” said Presto Chairman Krishna Gupta.

FLEX ANNOUNCES RECORD AND DISTRIBUTION DATES FOR NEXTRACKER SPIN-OFF AND RELATED SINGAPORE HIGH COURT APPROVAL

Retrieved on: 
Monday, December 18, 2023

Immediately following the distribution, Yuma will merge with and into a wholly-owned subsidiary of Nextracker.

Key Points: 
  • Immediately following the distribution, Yuma will merge with and into a wholly-owned subsidiary of Nextracker.
  • Earlier today, Flex obtained the approval of the High Court of Singapore necessary to complete the distribution of Yuma common stock to Flex shareholders under applicable Singapore law.
  • As previously disclosed, Flex shareholders have approved the distribution of Yuma common stock at an extraordinary general meeting of Flex shareholders held on November 20, 2023.
  • Accordingly, no further action is required by Flex shareholders in order to approve the distribution or receive shares of Nextracker Class A common stock.

Buyer Consortium Led by Recco Control Technology and Dazheng Group Comments on Shareholder Having to File an Application in the British Virgin Islands High Court for an Order for a Timely Special Meeting of Shareholders to be Held

Retrieved on: 
Thursday, December 7, 2023

The action was taken by the beneficial owner of Dazheng Group.

Key Points: 
  • The action was taken by the beneficial owner of Dazheng Group.
  • An injunction is being sought as a protective measure to preserve the status quo so that a timely and meaningful shareholder meeting can be held.
  • Otherwise if the Board continues on its planned course of action it will directly frustrate the clear wishes of the shareholders.
  • UBS AG Hong Kong Branch1 is serving as financial advisor to leaders of the consortium, Recco Control Technology and Dazheng Group.

Abcam Acquisition by Danaher Has Received All Identified Clearances; Transaction Expected to Close on December 6, 2023

Retrieved on: 
Friday, November 17, 2023

The Court Hearing at which the Court will be asked to sanction the Scheme has been scheduled to be held on December 4, 2023.

Key Points: 
  • The Court Hearing at which the Court will be asked to sanction the Scheme has been scheduled to be held on December 4, 2023.
  • An updated expected timetable of principal events is set out below.
  • Capitalized terms in this announcement, unless otherwise defined, have the same meanings as set out in the Scheme Circular.
  • by 8.00 a.m. (Eastern Time) on December 6, 2023
    as soon as practicable after the Effective Time, and in any event not later than five Business Days after the Effective Time

Lunit to Acquire Volpara: Scheme Implementation Agreement Signed

Retrieved on: 
Thursday, December 14, 2023

SEOUL. South Korea, Dec. 14, 2023 /PRNewswire/ -- Lunit (KRX:328130.KQ), a leading provider of AI-powered solutions for cancer diagnostics and therapeutics, today announced its proposal to acquire Volpara Health Technologies Ltd. (Volpara; ASX:VHT), a global leader in AI-enabled software for the early detection and prevention of cancer. The strategic move comes as a result of an exhaustive evaluation of potential avenues for growth and innovation by Lunit.

Key Points: 
  • The strategic move comes as a result of an exhaustive evaluation of potential avenues for growth and innovation by Lunit.
  • Following the decision, Lunit and Volpara have entered into a Scheme Implementation Agreement, under which Lunit will acquire all of Volpara's shares at a price of AUD 1.15 per share through a New Zealand scheme of arrangement (Scheme).
  • Volpara's AI-powered mammography solutions, operational in over 2,000 U.S. medical sites, would catapult Lunit into the forefront of the American market," said Brandon Suh, CEO of Lunit.
  • The Scheme is contingent upon Volpara shareholders' and New Zealand High Court's approval, regulatory clearances from the New Zealand Overseas Investment Office, and fulfillment of other customary conditions outlined in the Scheme Implementation Agreement.

Master of the Irish High Court Calls Out Vulture Funds - from Ireland to Wall Street

Retrieved on: 
Friday, December 1, 2023

and highlighted the grab by US-backed credit servicers, better known as vulture funds.

Key Points: 
  • and highlighted the grab by US-backed credit servicers, better known as vulture funds.
  • Master Honohan's paper also highlights the levels of cooperation between State bodies in Ireland and American vulture funds which are effectively defrauding Irish homeowners.
  • The vulture funds, with their legal teams, dishonestly seek possessions capitalizing on charges on Irish homeowners' land folios.
  • He continued that this issue goes beyond financial struggles and also has severe societal and cultural implications.