{"id":"court_ctb_1377_0","court":"CTB","case_no":"22-50073","doc_number":1377,"sub_number":0,"doc_type":"ORDER","filed_date":null,"title":"UNITED STATES BANKRUPTCY COURT DISTRICT OF CONNECTICUT BRIDGEPORT DIVISION In re:","summary_zh":null,"summary_en":null,"body_en":"## **UNITED STATES BANKRUPTCY COURT DISTRICT OF CONNECTICUT BRIDGEPORT DIVISION**\n\nIn re:\n\nHO WAN KWOK, *et al*.,\n\nChapter 11\n\nCase No. 22-50073 (JAM)\n\nDebtors.\n\nRe: ECF Nos. 299, 728, 930 and 1255\n\n## **SECOND CONSENT ORDER MODIFYING CONSENT ORDER GRANTING HK INTERNATIONAL FUNDS INVESTMENTS (USA) LIMITED, LLC'S MOTION FOR ORDER ESTABLISHING REPAIR RESERVE FOR THE LADY MAY**\n\nUpon the *Motion to Modify Consent Order Granting HK International Funds Investments*\n\n*(USA) Limited, LLC's Motion for Order Establishing Repair Reserve for the Lady May* (ECF No.\n\n1216) (the \"Motion\") filed by HK International Funds Investments (USA) Limited, LLC (\"HK\n\nUSA\"), which seeks a modification of this Court's *Consent Order Granting HK International*\n\n*Funds Investments (USA) Limited, LLC's Motion for Order Establishing Repair Reserve for the*\n\n*Lady May* (ECF No. 930, the \"Consent Order\")<sup>1</sup> to authorize and direct the Trustee<sup>2</sup> to pay from\n\nthe Repair Reserve certain operating expenses (the \"Operating Expenses\") for the Lady May; the\n\n<sup>1</sup> For the avoidance of doubt, the Consent Order includes those modifications set forth in this Court's *Consented to Order (a) Adjourning Hearing on Chapter 11 Trustee's Application for Prejudgment Remedy, (B) Setting Hearing on Chapter 11 Trustee's Motion for Preliminary Injunction, (C) Extending Related Deadlines, and (D) Granting Related Relief* (ECF No. 67), *Consented to Order (a) Further Adjourning Hearing on Chapter 11 Trustee's Application for Prejudgment Remedy, (B) Setting Hearing on Chapter 11 Trustee's Motion for Preliminary Injunction, (C) Extending Related Deadlines, and (D) Granting Related Relief* (ECF No. 76), and *Consented to Order (a) Further Adjourning Hearing on Chapter 11 Trustee's Application for Prejudgment Remedy, (B) Setting Hearing on Chapter 11 Trustee's Motion for Preliminary Injunction, (C) Extending Related Deadlines, and (D) Granting Related Relief* (ECF No. 86) entered in *HK International Funds Investments (USA) Limited, LLC v. Despins*, Adv. Pro. No. 22-5003.\n\n<sup>2</sup> Unless expressly defined otherwise, this Order incorporates by reference the definitions of capitalized terms set forth in the Consent Order.\n\nTrustee having filed an *Objection of Chapter 11 Trustee to HK International Funds Investments (USA) Limited, LLC's Motion to Modify Consent Order Granting HK International Funds Investments (USA) Limited, LLC's Motion for Order Establishing Repair Reserve for the Lady May* (ECF No. 1276, the \"Trustee's Objection\"); this Court having issued that certain *Consent Order Modifying Consent Order Granting HK International Funds Investments (USA) Limited, LLC's Motion for Order Establishing Repair Reserve for the Lady May* (ECF No. 1255, the \"First Modified Consent Order\"), which, *inter alia*, released funds for Operating Expenses incurred by the Lady May through December 31, 2022, but otherwise preserving all parties rights with regards to the Motion; the Court having initially scheduled a hearing for January 3, 2023, at 3:30 p.m. (the \"Hearing\") to consider the relief requested in the Motion and the Trustee's Objection; the Court having continued the Hearing to January 10, 2023 and, thereafter, to January 17, 2023 at 2:00 p.m. on consent by the Trustee, Ho Wan Kwok, the Official Committee of Unsecured Creditors, Pacific Alliance Asia Opportunity Fund L.P., Rui Ma, and Zheng Wu (collectively, the \"Consenting Parties\"); upon further written consent by the Consenting Parties to the entry of this Order to (i) release funds in the amount of \\$220,448.50 from the Repair Reserve to pay for Operating Expenses that HK USA reasonably projects will be incurred in January 2023 and February 2023, and (ii) release funds in the amount of \\$21,080.00 from the Repair Reserve to reimburse the Trustee for the annual fee (the \"Fee\") paid by the Trustee for surety bond no. 016236853 with Liberty Mutual Insurance Company (the \"Surety Bond\") as a result of the Trustee holding the Repair Reserve; and upon consideration of the Motion and the relief requested therein appearing to this Court to be necessary and appropriate to provide sufficient funds for the Lady May's Operating Expenses that HK USA reasonably projects will be incurred in January and February 2023; due and sufficient\n\nnotice having been given under the particular circumstances; and after due deliberation and sufficient cause appearing therefore, it is hereby:\n\n**ORDERED** that the Consent Order is hereby further modified to authorize and direct the Trustee to promptly release \\$220,448.50 from the Repair Reserve to Yachtzoo, the yacht management company for the Lady May to pay for the reasonably anticipated Operating Expenses for January 2023 and February 2023; and it is further\n\n**ORDERED** that the Consent Order is hereby further modified to authorize and direct the Trustee to promptly release \\$21,080.00 from the Repair Reserve to reimburse the Trustee for the Fee for the Surety Bond; and it is further\n\n**ORDERED** that to the extent the Surety Bond is reduced and the Fee owed by the Trustee on the Surety Bond is thereby reduced, the Trustee shall, as soon as reasonably practicable, seek a refund of all or part of the Fee as appropriate (the \"Refunded Fee\") and, subject to further order of this Court, transfer the Refunded Fee (i) to HK USA, if the Repair Reserve Excess has been returned to HK USA in accordance with the Consent Order or (ii) to the Repair Reserve, if the Repair Reserve Excess has not been returned to HK USA in accordance with the Consent Order; and it is further\n\n**ORDERED** that all parties reserve all rights to object to further releases from the Repair Reserve for Operating Expenses and/or additional fees owed by the Trustee on the Surety Bond, and nothing in this Order or the Consenting Parties' consent to the entry of this Order shall be construed as the Consenting Parties consenting to the relief sought in the Motion;<sup>3</sup> and it is further\n\n<sup>3</sup> For the avoidance of doubt, it is the Trustee's position that, under the Consent Order, the Trustee is under no obligation to release funds from the Repair Reserve to pay Operating Expenses and that, to the extent HK USA desires to use funds in the Repair Reserve to pay Operating Expenses, it must request a release of any Repair Reserve Excess in accordance with the Consent Order after the conclusion of the hearing on the *Application for Prejudgment Remedy* [Adv. Proc. ECF No. 37].\n\n**ORDERED** that, except as modified herein and in the First Modified Consent Order, the provisions of the Consent Order remain in effect, including but not limited to the handling of any Repair Reserve Excess; and it is finally\n\n**ORDERED** that the Motion and the Trustee's Objection thereto shall be heard at a hearing before this Court at a date to be determined.\n\nDated at Bridgeport, Connecticut this 24th day of January, 2023.","body_zh":"UNITED STATES BANKRUPTCY COURT DISTRICT OF CONNECTICUT BRIDGEPORT DIVISION（美国康涅狄格州破产法院布里奇波特分院）\n\n关于：\n\nHO WAN KWOK（郭文贵）等，\n\n第 11 章\n\n案号：22-50073 (JAM)\n\n债务人。\n\n涉及：ECF Nos. 299, 728, 930 及 1255\n修改《准予 HK INTERNATIONAL FUNDS INVESTMENTS (USA) LIMITED, LLC 设立“LADY MAY”号维修储备金之动议的同意裁定》的第二份同意裁定\n\n鉴于 HK International Funds Investments (USA) Limited, LLC（香港国际基金投资（美国）有限公司，简称“HK USA”）提交了《关于修改准予 HK International Funds Investments (USA) Limited, LLC 设立“Lady May”号维修储备金之动议的同意裁定的动议》（ECF No. 1216，简称“《动议》”），该动议请求修改本法院的《准予 HK International Funds Investments (USA) Limited, LLC 设立“Lady May”号维修储备金之动议的同意裁定》（ECF No. 930，简称“《同意裁定》”）1，以授权并指示 Trustee（受托人）2从“维修储备金”中支付“Lady May”号的若干运营费用（简称“运营费用”）；\n\n1 为免疑义，《同意裁定》包括在 HK International Funds Investments (USA) Limited, LLC 诉 Despins 案（Adv. Pro. No. 22-5003）中作出的本法院《（a）延期举行关于第 11 章受托人申请判决前救济之听证会、（B）设定关于第 11 章受托人申请初步禁令动议之听证会、（C）延长相关期限以及（D）准予相关救济的同意裁定》（ECF No. 67）、《（a）进一步延期举行关于第 11 章受托人申请判决前救济之听证会、（B）设定关于第 11 章受托人申请初步禁令动议之听证会、（C）延长相关期限以及（D）准予相关救济的同意裁定》（ECF No. 76），以及《（a）进一步延期举行关于第 11 章受托人申请判决前救济之听证会、（B）设定关于第 11 章受托人申请初步禁令动议之听证会、（C）延长相关期限以及（D）准予相关救济的同意裁定》（ECF No. 86）中所述的各项修改。\n\n2 除非另有明确定义，本裁定通过引用方式并入《同意裁定》中首字母大写术语的定义。\n\n受托人已提交《第 11 章受托人对 HK International Funds Investments (USA) Limited, LLC 关于修改准予 HK International Funds Investments (USA) Limited, LLC 设立“Lady May”号维修储备金之动议的同意裁定的动议的异议》（ECF No. 1276，简称“《受托人异议》”）；本法院已作出特定《修改准予 HK International Funds Investments (USA) Limited, LLC 设立“Lady May”号维修储备金之动议的同意裁定的同意裁定》（ECF No. 1255，简称“《第一份修改后同意裁定》”），除其他事项外，该裁定发放了用于支付截至 2022 年 12 月 31 日“Lady May”号所产生的运营费用的资金，但保留了各方关于《动议》的所有权利；本法院最初将审议《动议》及《受托人异议》中所请求之救济的听证会（简称“听证会”）定于 2023 年 1 月 3 日下午 3:30 举行；经受托人、Ho Wan Kwok（郭文贵）、Official Committee of Unsecured Creditors（无担保债权人官方委员会）、Pacific Alliance Asia Opportunity Fund L.P.（太盟亚洲机会基金合伙企业）、Rui Ma（马蕊）及 Zheng Wu（武振）（统称“同意方”）同意，法院将听证会延期至 2023 年 1 月 10 日，其后进一步延期至 2023 年 1 月 17 日下午 2:00；根据各同意方对作出本裁定的进一步书面同意，以 (i) 从“维修储备金”中发放金额为 $220,448.50 的资金，用于支付 HK USA 合理预计在 2023 年 1 月和 2023 年 2 月将产生的运营费用，以及 (ii) 从“维修储备金”中发放金额为 $21,080.00 的资金，以补偿受托人因持有“维修储备金”而向 Liberty Mutual Insurance Company（利宝相互保险公司）就保函第 016236853 号（简称“履约保证保函”）所支付的年费（简称“费用”）；且经审议《动议》及其中请求的救济，本法院认为该等救济对于为 HK USA 合理预计在 2023 年 1 月和 2 月将产生的“Lady May”号运营费用提供充足资金而言属于必要且适当；在特定情况下已给予充分且适当的通知；并在经过正当审议且有充分理由支持后，特此：\n\n裁定：《同意裁定》特此进一步修改为，授权并指示受托人立即从“维修储备金”中向“Lady May”号的游艇管理公司 Yachtzoo 发放 $220,448.50，以支付 2023 年 1 月和 2023 年 2 月合理预期的运营费用；并进一步\n\n裁定：《同意裁定》特此进一步修改为，授权并指示受托人立即从“维修储备金”中发放 $21,080.00，以补偿受托人支付的履约保证保函费用；并进一步\n\n裁定：若履约保证保函的金额减少且受托人就该履约保证保函所欠的费用因此减少，则受托人应在合理可行的范围内尽快视情况申请全额或部分退还该费用（简称“退还费用”），并根据本法院的进一步裁定，将退还费用转交 (i) 给 HK USA（若“维修储备金多余款项”已根据《同意裁定》退还给 HK USA），或 (ii) 转入“维修储备金”（若“维修储备金多余款项”尚未根据《同意裁定》退还给 HK USA）；并进一步\n\n裁定：各方均保留对从“维修储备金”中进一步发放款项用于运营费用及/或受托人就履约保证保函所欠之额外费用提出异议的所有权利，且本裁定或各同意方同意作出本裁定的行为均不得解释为各同意方同意《动议》中所请求的救济；3 并进一步\n\n3 为免疑义，受托人的立场是：根据《同意裁定》，受托人没有义务从“维修储备金”中发放资金来支付运营费用；且在 HK USA 欲使用“维修储备金”中的资金支付运营费用的范围内，其必须在关于判决前救济申请的听证会[Adv. Proc. ECF No. 37]结束后，根据《同意裁定》请求发放任何“维修储备金多余款项”。\n\n裁定：除本裁定及《第一份修改后同意裁定》中所修改的内容外，《同意裁定》的各项条款依然有效，包括但不限于对任何“维修储备金多余款项”的处理；并最终\n\n裁定：关于《动议》及受托人对此提出的《受托人异议》，本法院应在待定日期举行的听证会上进行审理。\n\n于康涅狄格州布里奇波特签署，日期：2023 年 1 月 24 日。","key_entities":["Je","Kwok","Ho Wan Kwok","Despins","CIPA"],"ecf_references":[{"doc_number":37,"court":"CTB"},{"doc_number":67,"court":"CTB"},{"doc_number":76,"court":"CTB"},{"doc_number":86,"court":"CTB"},{"doc_number":930,"court":"CTB"},{"doc_number":1216,"court":"CTB"},{"doc_number":1255,"court":"CTB"},{"doc_number":1276,"court":"CTB"}],"word_count":1089,"status":"published","published_at":null,"created_at":null,"updated_at":"2026-08-23 12:43:29"}