{"id":"court_ctb_1473_0","court":"CTB","case_no":"22-50073","doc_number":1473,"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.*, [1](#page-0-0)\n\nDebtors.\n\nChapter 11\n\nCase No. 22-50073 (JAM)\n\n(Jointly Administered)\n\nFebruary 22, 2023\n\n## **STATEMENT OF NON-OBJECTION OF THE SHERRY-NETHERLAND, INC. IN RESPONSE TO THE MOTION OF THE CHAPTER 11 TRUSTEE AND GENEVER DEBTORS, PURSUANT TO BANKRUPTCY CODE SECTIONS 327, 328, AND 363, FOR ENTRY OF ORDER AUTHORIZING SALES OFFICER AND SOTHEBY'S INTERNATIONAL REALTY TO MARKET SHERRY NETHERLAND APARTMENT FOR RENT**\n\nThe Sherry Netherland, Inc. (\"The Sherry Netherland\") respectfully submits this\n\nstatement of non-objection in response to the Motion.[2](#page-0-1) The Sherry Netherland does not object to\n\nthe relief requested in the Motion and, in support of its non-objection, respectfully states as\n\nfollows:\n\n1. The Sherry Netherland is a residential cooperative housing corporation, within\n\nwhich the Sherry Netherland Apartment is located. The Sherry Netherland Apartment is titled in\n\nthe name of Genever (US) and memorialized by 3,050 cooperative shares allocable to apartments\n\n<span id=\"page-0-0\"></span><sup>1</sup> The Debtors in these chapter 11 cases are Ho Wan Kwok (also known as Guo Wengui, Miles Guo, and Miles Kwok, as well as numerous other aliases) (last four digits of tax identification number: 9595), Genever Holdings LLC (last four digits of tax identification number: 8202) and Genever Holdings Corporation. The mailing address for the Trustee, Genever Holdings LLC, and the Genever Holdings Corporation is Paul Hastings LLP, 200 Park Avenue, New York, NY 10166 c/o Luc A. Despins, as Trustee for the Estate of Ho Wan Kwok (solely for purposes of notices and communications).\n\n<span id=\"page-0-1\"></span><sup>2</sup> Capitalized terms used in this statement but not defined herein have the meanings given to them in the *Motion of Chapter 11 Trustee and Genever Debtors, Pursuant to Bankruptcy Code Section 327, 328, and 363, for Entry of Order Authorizing Sales Officer and Sotheby's International Realty to Market Sherry Netherland Apartment for Rent* [Case No. 22-50073, Docket No. 1446] (the \"Motion\").\n\n1801, MR 2219, MR 719, issued to Genever (US) under proprietary leases between The Sherry Netherland, as lessor, and the Debtor, as lessee, entered into on March 6, 2015, appurtenant thereto (collectively, the \"Proprietary Lease\"). Genever (US) and The Sherry Netherland are also parties to, among other agreements, that certain Agreement and Consent with Respect to Shares and Proprietary Lease (the \"Agreement and Consent\"), made as of March 6, 2015, by and between the Sherry, as Lessor, the Debtor, as Lessee, and Mr. Kwok Ho Wan a/k/a Miles Kwok a/k/a Miles Guo, as Occupant.\n\n2. The Sherry Netherland Apartment is the only significant asset of Genever (US) and the only asset that has the potential to provide the unsecured creditors of Genever (US), if any, with a recovery. [Case No. 22-50592, Docket No. 4 at 3-6].\n\n3. The Sherry Netherland is the only undisputed and secured creditor of Genever (US). [Case No. 22-50592, Docket No. 4 at 6]; Proof of Claim No. 1-2 against Genever (US). Specifically, The Sherry Netherland has, among other actual or potential claims, (a) pre-petition claims for unpaid arrearages owed to The Sherry Netherland under the Proprietary Lease and the Lessor's Corporate Documents (as defined in the Agreement and Consent), including unpaid monthly payments of rent, additional rent, maintenance charges, assessments, attorneys' fees, interest, and late fees; and (b) post-petition claims for ongoing or future maintenance charges, assessments, attorneys' fees, interest, and late fees. The Sherry Netherland's pre-petition claims alone are in excess of at least \\$900,000.[3](#page-1-0)\n\n4. In addition, as of the Petition Date for Genever (US), The Sherry Netherland held a security deposit in the sum of approximately \\$3.4 million (the \"Security Deposit\"). [Case No.\n\n<span id=\"page-1-0\"></span><sup>3</sup> The claims listed here are not meant to be exhaustive. The Sherry Netherland reserves all rights as to any claims it has asserted to date, or may assert in the future.\n\n22-50592, Docket No. 165 at 12]. Pursuant to the *Consent Order Granting the Sherry-Netherland, Inc. Relief from the Automatic Stay* [Case No. 22-50592, Docket No. 107], The Sherry Netherland is authorized \"to apply all accrued and owing post-petition maintenance fees and assessments due under the Proprietary Lease . . . on a monthly basis, from the [Security Deposit].\"\n\n5. All of The Sherry Netherland's claims and all additional unpaid amounts due, including unpaid amounts due to The Sherry Netherland in the future, are secured by the Sherry Netherland Apartment and the Security Deposit and have been guaranteed by the Individual Debtor. The Security Deposit is a finite source of funds and, if the Sherry Netherland Apartment is not sold within a reasonable time, the Security Deposit will be completely exhausted by accrued and owing post-petition maintenance fees and assessments due under the Proprietary Lease. Because the operating and capital expenses of The Sherry Netherland are funded by maintenance fees and assessments paid by the corporation's shareholders, the effect of the depletion of the Security Deposit will be to force the other shareholders of The Sherry Netherland to fund these expenses until the Sherry Netherland Apartment is sold.\n\n6. The Sherry Netherland supports a prompt and commercially reasonable sale of the Sherry Netherland Apartment based on current market conditions. The Sherry Netherland understands that Movants share this same goal and are only intending to pursue a rental if such rental will \"cover some or all of the monthly maintenance charges and assessments, thereby preserving (or, at a minimum, reducing the depletion of) the Security Deposit.\" Motion ¶ 24. The Sherry Netherland also understands and expects that Movants will not pursue a rental if the terms of such rental would be inconsistent with \"a value maximizing sale\" of the Sherry Netherland Apartment. *Id.*\n\n3\n\n7. In addition, the Proposed Order submitted with the Motion provides that \"nothing [in the Proposed Order] amends, modifies, or supersedes any rights including approval rights) of the Sherry-Netherland and the Sherry-Netherland Co-Op Board (as defined in the Settlement Agreement) with respect to any such rental agreement.\" Proposed Order ¶ 2(c) [Case No. 22- 50073, Docket No. 1446]. Accordingly, The Sherry Netherland understands that the Motion expressly preserves all of The Sherry Netherland's rights, including consent rights, with respect to any potential rental of the Sherry Netherland Apartment.\n\n8. Based on the foregoing understandings, The Sherry Netherland does not object to the relief requested in the Motion. For the avoidance of doubt, The Sherry Netherland and the Sherry-Netherland Co-Op Board (as defined in the Settlement Agreement) reserve all of their rights under the Proprietary Lease, other applicable corporate documents, or otherwise (including consent rights), with respect to any potential rental of the Sherry Netherland Apartment and nothing contained herein is intended to indicate that The Sherry Netherland or the Sherry-Netherland Co-Op Board will support or consent to a future rental of the Sherry Netherland Apartment, should one be pursued. Without in any way limiting the reservation of rights contained herein, The Sherry Netherland believes it is advisable to inform Movants and the other parties that, at present and at a bare minimum, The Sherry Netherland would only support a rental of the Sherry Netherland Apartment (a) if the terms of such rental and use of the associated rental proceeds are sufficient to cover the monthly maintenance charges and assessments due to The Sherry Netherland (either on their own or together with the continued use of the Security Deposit); and (b) if the terms of such rental are consistent with, and would not unduly hinder, the continued pursuit of a prompt and commercially reasonable sale of the Sherry Netherland Apartment consistent with market conditions.\n\n4\n\nWHEREFORE, for the foregoing reasons, The Sherry Netherland does not object to the\n\nrelief requested in the Motion.\n\nDated: Stamford, CT /s/ Taruna Garg\n\nFebruary 22, 2023 Taruna Garg (ct28652) MURTHA CULLINA LLP 107 Elm Street Stamford, CT 06902 Telephone: Facsimile: Email: (203) 653-5400 (203) 653-5444 targ@murthalaw.com\n\n-and-\n\nSherry J. Millman\\* Patrick N. Petrocelli\\* STROOCK & STROOCK & LAVAN LLP 180 Maiden Lane New York, NY 10038 Telephone: Facsimile: Email: (212) 806-5400 (212) 806-6006 smillman@stroock.com ppetrocelli@stroock.com\n\n*Counsel for The Sherry Netherland, Inc.*\n\n\\*Admitted *pro hac vice*\n\n## **UNITED STATES BANKRUPTCY COURT DISTRICT OF CONNECTICUT BRIDGEPORT DIVISION**\n\nIn re:\n\nHO WAN KWOK, *et al.*,\n\nDebtors.\n\nChapter 11\n\nCase No. 22-50073 (JAM)\n\n(Jointly Administered)\n\nFebruary 22, 2023\n\n## **CERTIFICATE OF SERVICE**\n\nI, Taruna Garg, hereby certify that on the 22nd day of February, 2023, the *Statement of Non-Objection of The Sherry-Netherland, Inc. in Response to the Motion of the Chapter 11 Trustee and Genever Debtors, Pursuant to Bankruptcy Code Sections 327, 328, and 363, for Entry of Order Authorizing Sales Officer and Sotheby's International Realty to Market Sherry Netherland Apartment for Rent* was filed via the Court's CM/ECF electronic filing system (\"CM/ECF\"), which sent notice to all parties receiving notification through CM/ECF.\n\n /s/ Taruna Garg","body_zh":"UNITED STATES BANKRUPTCY COURT DISTRICT OF CONNECTICUT BRIDGEPORT DIVISION（美国康涅狄格区破产法院布里奇波特分院）\n\n关于：\n\nHO WAN KWOK（郭文贵）等，[1]\n\n债务人。\n\n第11章\n\n案号 22-50073 (JAM)\n\n（合并审理）\n\n2023年2月22日\nTHE SHERRY-NETHERLAND, INC. 就第11章破产受托人及 GENEVER 债务人依据《破产法典》第327条、第328条及第363条提起的请求作出授权销售专员及苏富比国际地产公司推销雪莉荷兰公寓出租的裁定之动议所提出的无异议声明\n\nThe Sherry Netherland, Inc.（雪莉荷兰公司，以下简称「The Sherry Netherland」）谨此就该动议提交本无异议声明。[2] The Sherry Netherland 对该动议中所请求的救济不持异议，为支持其无异议立场，谨陈述如下：\n\n1. The Sherry Netherland 是一家住宅合作公寓住宅法人组织，Sherry Netherland Apartment（雪莉荷兰公寓）即位于其中。雪莉荷兰公寓登记在 Genever (US)（Genever美国公司）名下，由归属于1801号公寓、MR 2219号公寓、MR 719号公寓的3,050股合作社股份所表彰；上述股份系根据 The Sherry Netherland（作为出租人）与债务人（作为承租人）于2015年3月6日订立的与上述公寓相附随的业主租赁合同（统称「业主租赁合同」）发行予 Genever (US)。Genever (US) 与 The Sherry Netherland 亦是（其中包括）出租人 Sherry、承租人债务人以及占有人 Kwok Ho Wan（郭浩云，又名 Miles Kwok、Miles Guo）于2015年3月6日共同订立的特定《关于股份与业主租赁合同之协议与同意书》（以下简称「《协议与同意书》」）的当事方。\n\n1 这些第11章破产案件中的债务人为 Ho Wan Kwok（亦称郭文贵、Miles Guo、Miles Kwok，以及若干其他化名）（纳税人识别号后四位：9595）、Genever Holdings LLC（纳税人识别号后四位：8202）及 Genever Holdings Corporation。受托人、Genever Holdings LLC 及 Genever Holdings Corporation 的邮寄地址为：Paul Hastings LLP, 200 Park Avenue, New York, NY 10166 转交 Luc A. Despins（作为 Ho Wan Kwok 破产财产受托人，仅用于通知及联络之目的）。\n\n2 本声明中所使用但未在此定义的首字母大写术语，具有《第11章破产受托人及 Genever 债务人依据〈破产法典〉第327条、第328条及第363条提起的请求作出授权销售专员及苏富比国际地产公司推销雪莉荷兰公寓出租的裁定之动议》[案号 22-50073，案卷号 1446]（以下简称「动议」）中所赋予的含义。\n\n2. 雪莉荷兰公寓是 Genever (US) 唯一的重大资产，也是唯一有可能向 Genever (US) 的无担保债权人（如有）提供清偿受偿的资产。[案号 22-50592，案卷号 4，第 3-6 页]。\n\n3. The Sherry Netherland 是 Genever (US) 唯一无争议且有担保的债权人。[案号 22-50592，案卷号 4，第 6 页]；针对 Genever (US) 的第 1-2 号债权证明。具体而言，The Sherry Netherland 拥有（其中包括）以下实际或潜在债权：(a) 破产申请前债权，系根据业主租赁合同及出租人公司文件（定义见《协议与同意书》）应向 The Sherry Netherland 支付但未付的欠款，包括未付的每月租金、额外租金、物业维护费、专项摊派费、律师费、利息及滞纳金；以及 (b) 破产申请后债权，针对持续发生或未来的物业维护费、专项摊派费、律师费、利息及滞纳金。仅 The Sherry Netherland 的破产申请前债权金额就至少超过 900,000 美元。[3]\n\n4. 此外，截至 Genever (US) 的破产申请日，The Sherry Netherland 持有金额约为 340 万美元的保证金（以下简称「保证金」）。[案号\n\n3 此处列出的债权并非详尽无遗。The Sherry Netherland 保留其迄今已主张或未来可能主张的任何债权的一切权利。\n\n22-50592，案卷号 165，第 12 页]。根据《准予 The Sherry-Netherland, Inc. 解除自动中止的同意裁定》[案号 22-50592，案卷号 107]，The Sherry Netherland 获准「按月从[保证金]中冲抵根据业主租赁合同产生并应付的所有破产申请后累计及拖欠的物业维护费和专项摊派费……」。\n\n5. The Sherry Netherland 的所有债权以及所有到期未付的额外款项（包括未来应向 The Sherry Netherland 支付的未付款项），均以雪莉荷兰公寓及保证金作为担保，并已由个人债务人提供担保。保证金属于有限的资金来源，如果雪莉荷兰公寓未能在合理时间内售出，保证金将被根据业主租赁合同产生并拖欠的破产申请后累计物业维护费及专项摊派费彻底耗尽。由于 The Sherry Netherland 的运营和资本开支是由公司股东支付的物业维护费及专项摊派费提供资金支持，保证金耗尽的后果将是迫使 The Sherry Netherland 的其他股东承担这些开支，直至雪莉荷兰公寓售出为止。\n\n6. The Sherry Netherland 支持根据当前市场行情，迅速且以商业上合理的方式出售雪莉荷兰公寓。The Sherry Netherland 理解动议提出方亦持有相同目标，且仅在该出租将「涵盖部分或全部每月物业维护费及专项摊派费，从而保全（或至少减少消耗）保证金」的情况下才意图进行出租。动议第 24 段。The Sherry Netherland 亦理解并预期，若该出租的条款与雪莉荷兰公寓的「价值最大化出售」不一致，动议提出方将不会寻求出租。同上。\n\n7. 此外，随动议提交的拟定裁定规定：「[拟定裁定中的]任何内容均不得修改、变更或取代 Sherry-Netherland 及 Sherry-Netherland 合作公寓董事会（定义见《和解协议》）就任何此类租赁协议所享有的任何权利（包括批准权）。」拟定裁定第 2(c) 段 [案号 22-50073，案卷号 1446]。因此，The Sherry Netherland 理解，该动议明确保留了 The Sherry Netherland 就雪莉荷兰公寓任何潜在出租所享有的一切权利（包括同意权）。\n\n8. 基于上述理解，The Sherry Netherland 对动议中请求的救济不持异议。为免生疑问，The Sherry Netherland 及 Sherry-Netherland 合作公寓董事会（定义见《和解协议》）保留其根据业主租赁合同、其他适用公司文件或基于其他依据就雪莉荷兰公寓任何潜在出租所享有的一切权利（包括同意权），且本声明所包含的任何内容均不旨在表明 The Sherry Netherland 或 Sherry-Netherland 合作公寓董事会若未来推进雪莉荷兰公寓出租时将予以支持或同意。在绝不限制此处所载权利保留的前提下，The Sherry Netherland 认为宜告知动议提出方及其他各方，目前且在最低限度上，The Sherry Netherland 仅在满足以下条件时才会支持出租雪莉荷兰公寓：(a) 此类出租的条款以及相关租金收益的使用足以支付应向 The Sherry Netherland 缴纳的每月物业维护费及专项摊派费（无论是单独依靠租金还是与继续使用保证金相结合）；以及 (b) 此类出租的条款符合并不会不当阻碍继续推进符合市场行情的迅速且商业上合理的雪莉荷兰公寓出售。\n\n为此，基于上述理由，The Sherry Netherland 对动议中请求的救济不持异议。\n\n签署日期：康涅狄格州斯坦福 /签名/ Taruna Garg\n2023年2月22日 Taruna Garg (ct28652) MURTHA CULLINA LLP 107 Elm Street Stamford, CT 06902 电话：(203) 653-5400 传真：(203) 653-5444 电子邮箱：targ@murthalaw.com\n\n及\n\nSherry J. Millman* Patrick N. Petrocelli* STROOCK & STROOCK & LAVAN LLP 180 Maiden Lane New York, NY 10038 电话：(212) 806-5400 传真：(212) 806-6006 电子邮箱：smillman@stroock.com ppetrocelli@stroock.com\n\nThe Sherry Netherland, Inc. 之代理律师\n\n*特许出庭律师（Pro hac vice）\n\nUNITED STATES BANKRUPTCY COURT DISTRICT OF CONNECTICUT BRIDGEPORT DIVISION（美国康涅狄格区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债务人。\n\n第11章\n\n案号 22-50073 (JAM)\n\n（合并审理）\n\n2023年2月22日\n送达证明书\n\n本人 Taruna Garg 谨此证明，于2023年2月22日，本《The Sherry-Netherland, Inc. 就第11章破产受托人及 Genever 债务人依据〈破产法典〉第327条、第328条及第363条提起的请求作出授权销售专员及苏富比国际地产公司推销雪莉荷兰公寓出租的裁定之动议所提出的无异议声明》已通过法院的 CM/ECF 电子归档系统（「CM/ECF」）进行归档提交，该系统已向所有通过 CM/ECF 接收通知的当事方发送了通知。\n\n /签名/ Taruna Garg","key_entities":["Kwok","Je","Ho Wan Kwok","Guo","Miles Guo","Despins","Paul Hastings"],"ecf_references":[],"word_count":1451,"status":"published","published_at":null,"created_at":null,"updated_at":"2026-08-23 12:53:53"}