{"id":"court_ctb_1588_0","court":"CTB","case_no":"22-50073","doc_number":1588,"sub_number":0,"doc_type":"ORDER","filed_date":"2023-03-23","title":"UNITED STATES BANKRUPTCY COURT DISTRICT OF CONNECTICUT BRIDGEPORT DIVISION | -------------------------------------------","summary_zh":"修改维修准备金命令的紧急动议 —— Ho Wan Kwok 破产案（郭文贵 / Guo Wengui / Miles Guo），CTB 22-50073 ECF #1588（2023-03-23立案）。第 11 章受托人 Luc A. Despins 提请紧急动议，请求修改此前设立「Lady May」号游艇维修准备金的命令（ECF #930），允许从该准备金（余额约 340 万美元）中提取最高 50 万美元，用于垫付游艇的日常运营、维护及即将到期的保赔保险费用。","summary_en":"Emergency Motion of Chapter 11 Trustee to Modify Repair Reserve Order — In re Ho Wan Kwok (Miles Guo / Guo Wengui / Ho Wan Kwok), CTB No. 22-50073, ECF No. 1588 (filed March 23, 2023). Chapter 11 Trustee Luc A. Despins filed an emergency motion to modify the Repair Reserve Order (ECF No. 930) to authorize using up to $500,000 from the yacht Lady May's repair reserve (approx. $3.4 million balance) for operating, maintenance, and expiring P&I insurance expenses.","body_en":"# **UNITED STATES BANKRUPTCY COURT DISTRICT OF CONNECTICUT BRIDGEPORT DIVISION**\n\n| ------------------------------------------------------<br>x |        |                         |  |  |\n|-------------------------------------------------------------|--------|-------------------------|--|--|\n| In re:                                                      | :<br>: | Chapter 11              |  |  |\n| HO WAN KWOK et al.,                                         | :<br>: | Case No. 22-50073 (JAM) |  |  |\n| Debtors.1                                                   | :<br>: | Jointly Administered    |  |  |\n| ------------------------------------------------------      | :<br>x |                         |  |  |\n\n# **EMERGENCY MOTION OF CHAPTER 11 TRUSTEE FOR ENTRY OF ORDER MODIFYING REPAIR RESERVE ORDER**\n\nLuc A. Despins, in his capacity as the chapter 11 trustee (the \"Trustee\") appointed in the chapter 11 case (the \"Chapter 11 Case\") of Ho Wan Kwok (the \"Debtor\"), respectfully submits this emergency motion (the \"Motion\") for entry of an order, substantially in the form attached hereto as **Exhibit 1** (the \"Proposed Order\"), modifying the Court's *Consent Order Granting HK International Funds Investments (USA) Limited, LLC's Motion for Order Establishing Repair Reserve for the Lady May* [Docket No. 930] (the \"Repair Reserve Order\"), so as to allow up to \\$500,000 in operating, maintenance, and related expenses (including insurance premiums) for the Lady May to be funded out of the Repair Reserve (as defined in the Repair Reserve Order).2 In support of this Motion, the Trustee states as follows:\n\n 1 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 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<sup>2</sup> This Motion is premised on the Court granting the Trustee's pending motion for partial summary judgment [Docket No. 146 in Adv. Proc. No. 22-05003] (the \"Partial Summary Judgment Motion\") and determining that the Lady May is an asset of the Debtor's estate. The Court has scheduled a hearing on the Partial Summary Judgment Motion for March 27, 2023 at 11:00 a.m. (ET). By separate motion, the Trustee is requesting that this Motion be heard, on an expedited basis, immediately after the conclusion of the hearing on the Partial Summary\n\n#### **PRELIMINARY STATEMENT3**\n\n1. In the event that the Court grants the Trustee's Partial Summary Judgment Motion, the Trustee will be required to fund operating, maintenance, and related expenses, including insurance premiums, for the Lady May in order to protect and preserve this valuable asset for the benefit of the Debtor's creditors pending a future sale of the Lady May. Importantly, among other things, the Trustee must obtain and maintain protection and indemnity (\"P&I\") insurance with respect to the Lady May. As the Trustee previously reported to the Court, the current P&I policy is set to expire on March 28, 2023, and, as counsel for HK International Funds Investments (USA) Limited, LLC (\"HK USA\") confirmed to the Court, HK USA has been unable to procure an extension of the current P&I policy or obtain a new P&I policy. Accordingly, it is imperative that the Trustee obtain such insurance as soon as possible (assuming he prevails on the Partial Summary Judgment Motion).\n\n2. As the Court is aware, at this time, the cash balance in the trustee account (separate from the Repair Reserve) is *de minimis*—and practically negative, because expenses incurred to date have not been reimbursed. As HK USA detailed in its own (now-withdrawn) motion to modify the Repair Reserve Order to fund Lady May operating expenses out of the Repair Reserve [Docket No. 1216] (the \"HK USA's Motion to Modify\"), operating and maintenance expenses for the months of March and April 2023 are projected to be \\$324,224.25 and \\$110,724.25, respectively. *See* HK USA's Motion to Modify, Ex. B.\n\nJudgment Motion. In the event the Partial Summary Judgment Motion is denied, the Trustee will withdraw this Motion without prejudice.\n\n<sup>3</sup> Capitalized terms used but not defined in the Preliminary Statement shall have the meanings ascribed to them later in the Motion.\n\n3. At this time, the balance in the Repair Reserve, which is held by the Trustee for purposes of completing the service, maintenance, and repair for the Lady May, is approximately \\$3.4 million. While certain additional repair-related expenses have yet to be funded out of the Repair Reserve,4 the Trustee believes that there is ample cushion to fund \\$500,000 in operating, maintenance, and related expenses for the Lady May, without running the risk that there would be insufficient funds to make repair-related payments.\n\n4. The Trustee recognizes that HK USA asserts it is the owner of the funds that funded the Repair Reserve, but, as the Court is aware, the Trustee disagrees with that position and, instead, believes that these funds are property of the Debtor's estate. Indeed, the Court has already entered an order, to which HK USA consented, finding that:\n\n> there is probable cause that a judgment in the amount of the prejudgment remedy sought, or in an amount greater than the amount of the prejudgment remedy sought, taking into account any known defenses, counterclaims or set-offs, will be rendered in the matter in favor of the Trustee.5\n\nTo secure that eventual judgment, the Court authorized the Trustee to attach, among other things:\n\nany interest and/or right to payment of the Counterclaim-Defendants [which includes HK USA] with respect to the funds—originally \\$37 million—that HK USA placed into an escrow account under the April 29, 2022 stipulation regarding the *Lady May*'s return to the United States.6\n\nIn other words, the Court has already concluded (on consent of HK USA) that there is probable cause that the Trustee will prevail on his claims in the HK USA Adversary Proceedings such that\n\n 4 Certain repair-related expenses, in the amount of approximately \\$300,000, have not yet been funded out of the Repair Reserve, as the Trustee is awaiting a reconciliation from HK USA as to any insurance proceeds it received with respect to such repairs. (Any insurance proceeds would reduce the foregoing amount.) In addition, the repairs related to the sea valves have not yet been performed.\n\n<sup>5</sup> *Order Granting Chapter 11 Trustee's Application for Prejudgment Remedy* [Docket No. 140 in Adv. Proc. No. 22-05003] at 2.\n\n<sup>6</sup> *Id*.\n\nhe is entitled to recover such judgment from the funds in the Repair Reserve (which was funded from the \\$37 million originally held in escrow). Indeed, the Trustee's rights to the Repair Reserve are even *stronger* than the funds held in escrow because HK USA previously consented to the use of the funds in the Repair Reserve to preserve the Lady May, and the Trustee has custody and control of such funds.\n\n5. In any event, as the Court will recall, the Trustee previously agreed to fund (and did fund) approximately \\$520,000 in operating and maintenance expenses out of the Repair Reserve for the period from November 2022 through February 2023.7 Notably, the Trustee agreed to do so *before* he learned through his investigation that these expenses should have been paid by Lamp Capital LLC (\"Lamp Capital\"), an entity allegedly owned by the Debtor's son, Qiang Guo, pursuant to an operations and maintenance agreement with HK USA—an agreement that HK USA conveniently failed to mention in any of their motions and pleadings before this Court related to the Lady May and the Repair Reserve. As a result, approximately \\$520,000 less in funds are now subject to prejudgment attachment and, hence, available to the Trustee in the event he prevails in the HK USA Adversary Proceeding. Moreover, the Trustee submits that Lamp Capital is not just responsible for payment of operating expenses, but also repairs—raising serious questions about whether any portion of the \\$37 million originally in escrow should have even been used to fund a repair reserve (as opposed to Lamp Capital paying for all repairs in the first place).\n\n<sup>7</sup> *See Consent Order Modifying Consent Order Granting HK International Funds Investments (USA) Limited, LLC's Motion for Order Establishing Repair Reserve for the Lady May* [Docket No. 1255] (authorizing release of \\$298,558.28 from the Repair Reserve to fund Lady May operating expenses for November 2022 and December 2022); *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* [Docket No. 1330] (authorizing release of \\$220,448.50 from the Repair Reserve to fund Lady May operating expenses for January 2023 and February 2023).\n\n6. In light of this sequence of events, it would be fundamentally unfair, given Lamp Capital's failure to pay \\$520,000 in expenses (and HK USA's failure to disclose Lamp Capital's obligation to do so), not to allow the Trustee, an emergency basis, to use an equivalent amount from the Repair Reserve to fund expenses for the Lady May.\n\n7. For all these reasons, the Trustee requests entry of an order modifying the Repair Reserve Order to authorize the Trustee to fund up to \\$500,000 out of the Repair Reserve to pay operating, maintenance, and related expenses for the Lady May.8 To be clear, given the emergency nature of this Motion, the relief sought in this Motion is limited to funding \\$500,000 in expenses; however, the Trustee intends to seek separate relief to fund additional operating, maintenance, and related expenses for the Lady May (as may become necessary). For the avoidance of doubt, the Repair Reserve Order shall otherwise remain in place to fund the payment of repairs, including the repair of the sea valves.\n\n8. Finally, while the Trustee recognizes that it previously opposed HK USA's Motion to Modify to fund operating and maintenance expenses of the Lady May out of the Repair Reserve, the Trustee did so because (a) HK USA sought such relief prior to the conclusion of the hearing on the PJR Application and (b) as noted, Lamp Capital was actually responsible for paying these expenses. Given that the PJR Application has now been granted (with the consent of the Counterclaim-Defendants) and given that it is clear—based on the HK USA withdrawing its motion—that Lamp Capital LLC will not be stepping up to pay such operating and maintenance expenses, the Trustee has no choice but to seek the relief set forth in this Motion.\n\n<sup>8</sup> The Trustee intends, by separate motion, to request court authorization to fund, out of the aforementioned \\$500,000, fees and expenses of his expert (Dexter White), who is assisting the Trustee with procuring insurance and transitioning operations of the Lady May to the Trustee in the event the Trustee prevails on his Partial Summary Judgment Motion.\n\n#### **JURISDICTION AND VENUE**\n\n9. The United States Bankruptcy Court for the District of Connecticut (the \"Court\") has jurisdiction over this matter pursuant to 28 U.S.C. §§ 157 and 1334 and the *Standing Order of Reference* from the United States District Court for the District of Connecticut. This is a core proceeding within the meaning of 28 U.S.C. § 157(b).\n\n10. Venue in this District is proper pursuant to 28 U.S.C. §§ 1408 and 1409.\n\n#### **BACKGROUND**\n\n#### **I. Establishment of the Repair Reserve for the Lady May**\n\n11. On April 29, 2022, the Court entered its *Stipulated Order Compelling HK International Funds Investments (USA) Limited, LLC to Transport and Deliver that Certain Yacht, the \"Lady May\"* [Docket No. 299] (the \"Stipulated Order\") setting forth the terms and conditions regarding the return of the Lady May to the navigable waters of Connecticut. In accordance with the Stipulated Order, HK USA deposited \\$37,000,000 (the \"Escrowed Funds\") into an escrow account with U.S. Bank National Association. The Lady May was returned to the navigable waters of Connecticut in early July 2022.\n\n12. On August 11, 2022, HK USA filed the *Motion for Order Establishing Repair Reserve for the Lady May* [Docket No. 728] (the \"Repair Reserve Motion\"), seeking to establish a reserve (the \"Repair Reserve\") to pay for certain repairs necessary to return the Lady May to good working order.\n\n13. On October 7, 2022, upon the consent of the Trustee, HK USA, Pacific Alliance Asia Opportunity Fund L.P. (\"PAX\"), the Official Committee of Unsecured Creditors, and creditors Rui Ma and Zheng Wu, the Court entered the Repair Reserve Order. Pursuant to the Repair Reserve Order, the Court (i) authorized the Trustee to hold a \\$4 million repair reserve (the \"Repair Reserve\") as escrow agent for the purpose of \"securing the completion of the\n\nservice, maintenance and repairs required to be performed to restore the Lady May to good working order\"9 and (ii) allowed the Trustee to pay from the Repair Reserve the expenses incurred to perform required repairs for the Lady May. In accordance with the Repair Reserve Order and the related disbursement order [Docket No. 932], \\$4 million of the Escrowed Funds was transferred into the Repair Reserve.\n\n14. On December 9, 2022, HK USA filed its motion to modify the Repair Reserve Order [Docket No. 1216] (*i.e.*, HK USA's Motion to Modify), seeking entry of an order authorizing and directing the Trustee to fund from the Repair Reserve certain amounts necessary to satisfy certain operating expenses for the Lady May that had been incurred and would be incurred over the subsequent five months. Attached to HK USA's Motion to Modify was a budget covering the period from November 2022 through April 2023. HK USA's Motion to Modify, Ex. B.\n\n15. On January 2, 2023, the Trustee filed his initial objection [Docket No. 1276] (the \"Initial Objection\") to HK USA's Motion to Modify. The Trustee opposed the motion because, among other things, it was contrary to the terms of the Repair Reserve Order, which specifically set forth a mechanism to request the release of any excess in the Repair Reserve, which request may only be filed two weeks after the scheduled conclusion of the hearing on the Trustee's application for a prejudgment remedy [Docket No. 37 in Adv. Proc. No. 22-5003] (the \"PJR Application\") in the adversary proceeding styled *HK International Funds Investments (USA) Limited, LLC v. Ho Wan Kwok*, Adv. Proc. No. 22-05003 (JAM) (the \"HK USA Adversary Proceeding\").\n\n<sup>9</sup> Repair Reserve Order at 2.\n\n16. On February 28, 2023, the Trustee filed his supplemental objection [Docket No. 1490] (the \"Supplemental Objection\") to HK USA's Motion to Modify. In the Supplemental Objection, the Trustee raised the additional objection that HK USA's Motion to Modify should also be denied because Lamp Capital contractually agreed to provide management and operational support to HK USA, which included maintaining its principal asset, the Lady May.\n\n17. During the pendency of HK USA's Motion to Modify, but prior to learning about the Lamp Capital agreement still being in effect, the Trustee agreed to fund (and did fund) approximately \\$520,000 in Lady May operating expenses out of the Repair Reserve, namely \\$298,558.28 covering the period from November 2022 through February 2023.10\n\n18. On March 17, 2023, HK USA's Motion to Modify was withdrawn without prejudice. *See* Docket No. 1551.\n\n## **II. HK USA Adversary Proceeding**\n\n19. On April 11, 2022, HK USA commenced the HK USA Adversary Proceeding against the Debtor and PAX, asserting that HK USA is the owner of the Lady May.\n\n20. On September 23, 2022, the Trustee filed his Answer and Counterclaims [Docket No. 36 in Adv. Proc. No. 22-05003] and the PJR Application. On October 17, 2022, the Trustee filed his motion for a preliminary injunction [Docket No. 50 in Adv. Proc. No. 22-05003] (the \"PI Motion\") preventing HK USA and Mei Guo (the \"Counterclaim-Defendants\"), the Debtor's\n\n<sup>10</sup> *See Consent Order Modifying Consent Order Granting HK International Funds Investments (USA) Limited, LLC's Motion for Order Establishing Repair Reserve for the Lady May* [Docket No. 1255] (authorizing release of \\$298,558.28 from the Repair Reserve to fund Lady May operating expenses for November 2022 and December 2022); *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* [Docket No. 1377] (authorizing release of \\$220,448.50 from the Repair Reserve to fund Lady May operating expenses for January 2023 and February 2023).\n\ndaughter and HK USA's owner, from transferring or encumbering their property wherever located.\n\n21. In his Answer and Counterclaims, the Trustee seeks a ruling that HK USA is an *alter ego* of the Debtor rendering all property of HK USA, including the Lady May and the \\$37 million deposited into escrow and/or rights related thereto under the applicable escrow agreement, property of the Debtor's chapter 11 estate. The PJR Application sought to attach, among other things, the Lady May and the \\$37 million that HK USA placed into escrow pursuant to the Stipulated Order to secure any judgment on the Trustee's claims in the Answer and Counterclaims.\n\n22. On March 15, 2023, the Court was scheduled to hear argument on the PJR Application and the PI Motion. At the hearing, the Counterclaim-Defendants consented to the entry of orders granting the PJR Application and the PI Motion. The corresponding orders were issued by the Court on March 17, 2023 (the \"PJR Order\" and \"PI Order\", respectively). *See* Docket Nos. 140 and 142 in Adv. Proc. No. 22-05003.\n\n23. In the PJR Order, the Court found, among other things, that\n\nthere is probable cause that a judgment in the amount of the prejudgment remedy sought, or in an amount greater than the amount of the prejudgment remedy sought, taking into account any known defenses, counterclaims or set-offs, will be rendered in the matter in favor of the Trustee.11\n\nTo secure that eventual judgment, the Court also authorized the Trustee to attach sufficient property of the Counterclaim-Defendants to secure the amount of the Judgment (as defined in the PJR Order), including:\n\n> any interest and/or right to payment of the Counterclaim-Defendants [which includes HK USA] with respect to the funds—originally \\$37\n\n<sup>11</sup> PJR Order at 2.\n\nmillion—that HK USA placed into an escrow account under the April 29, 2022 stipulation regarding the *Lady May*'s return to the United States.12\n\n24. On March 19, 2023, the Trustee filed the Motion for Partial Summary Judgment and the related *Memorandum of Law in Support of Motion of Chapter 11 Trustee for Estate of Ho Wan Kwok for Partial Summary Judgment on First Counterclaim* [Docket No 147 in Adv. Proc. No. 22-05003], pursuant to which the Trustee requested that this Court grant partial summary judgment in his favor on the first counterclaim (the \"First Counterclaim\") in the Trustee's Answer and Counterclaims, which seeks a declaratory judgment that the Lady May is property of the Debtor's estate.\n\n25. Concurrently with the Motion for Partial Summary Judgment, the Trustee also filed a motion to expedite the hearing on that motion [Docket No. 149 in Adv. Proc. No. 22- 05003] (the \"Motion to Expedite SJ Hearing\"). As detailed in the Motion to Expedite SJ Hearing, the Trustee was (and continues to be) deeply concerned about HK USA's willingness and/or ability to maintain the Lady May (including procuring adequate insurance) and believes that there is a real risk that HK USA may simply abandon the Lady May. These concerns are heightened in light of (i) the arrest of the Debtor by federal law enforcement on March 15, 2023 and (ii) later that same day, a fire in the 18th floor apartment at the Sherry Netherland Hotel, which apartment is owned by Genever Holdings LLC (one of the Debtors in these chapter 11 cases). This and other recent developments make it imperative that the Court decide as soon as possible the issue of whether the Trustee is the owner of the Lady May so that the Trustee can take appropriate actions to protect this valuable estate asset.\n\n 12 *Id*.\n\n26. By order dated, March 22, 2023 [Docket No. 153], the Court scheduled the hearing on the Partial Summary Judgment Motion for Monday, March 27, 2023 at 11:00 a.m. (ET).13 By separate motion, filed concurrently herewith, the Trustee is requesting that this Motion be heard immediately after the Partial Summary Judgment Motion on March 27, 2023.\n\n#### **RELIEF REQUESTED**\n\n27. The Trustee respectfully requests that the Court enter an order modifying the Repair Reserve Order to authorize the Trustee to pay from the Repair Reserve operating, maintenance, and related expenses (including insurance premiums) for the Lady May in an amount not to exceed \\$500,000.\n\n#### **BASIS FOR RELIEF**\n\n28. An appointed chapter 11 trustee has a \"statutory duty to protect and preserve property of the estate for the purpose of maximizing a distribution to creditors.\" *In re Ngan Gung Rest*., 254 B.R. 566, 570 (Bankr. S.D.N.Y. 2000) (citing 11 U.S.C. § 1106(a)). If the Court determines that the Lady May is property of the Debtor's estate, the Trustee is obligated to preserve the Lady May as an asset of the estate in the interest of the Debtor's creditors. In particular, the Trustee must pay operating, maintenance, and related expenses for the Lady May, including insurance premiums. Such expenses accrue on a regular basis and if not paid could significantly diminish the value of the Lady May, ultimately reducing the amounts available for distribution to creditors.\n\n29. Of particular note, the Trustee must secure new P&I insurance coverage for the Lady May as soon as possible. The current P&I policy for the Lady May is set to expire March\n\n<sup>13</sup> The foregoing order was entered after HK USA confirmed that it has been unable to procure insurance for the Lady May.\n\n28, 2023 and HK USA was not able to procure an extension of that policy or new a P&I policy for the Lady May. Failure to maintain P&I insurance for the Lady May puts the estate at risk of being subject to damages claims in the event of an accident involving the Lady May. Moreover, failure to insure estate property is inconsistent with the requirements of the Bankruptcy Code. *See In re Van Eck*, 425 B.R. 54, 61 (Bankr. D. Conn. 2010) (\"Insurance that so insures the Debtor and his estate is required under Section 1112(b)(4)(C).\").\n\n30. In order for the Trustee to comply with his statutory duties to protect what may become a substantial asset of this estate (*i.e.*, Lady May), the Trustee must be granted the ability to pay for operating, maintenance, and related expenses (including applicable insurance premiums) from the funds remaining in the Repair Reserve, which is the only available resource to fund such payments.\n\n31. As noted, at this time, the estate has only very limited liquidity. By contrast, monthly operating and maintenance expenses for the Lady May generally range from approximately \\$110,000 to \\$325,000 (as detailed on Exhibit B to HK USA's Motion to Modify). Moreover, the Trustee submits that there is no risk of depleting the Repair Reserve if up to \\$500,000 were made available to fund operating, maintenance, and related expenses for the Lady May. In fact, at this time, the balance in the Repair Reserve is approximately \\$3.4 million. And while, as noted, certain additional repair-related expenses have yet to be funded out of the Repair Reserve,14 it is extremely unlikely that those remaining repairs would exceed \\$2.9 million.\n\n32. The Trustee recognizes that the ownership of the Repair Reserve is in dispute. However, the Trustee submits that it is appropriate, under the circumstances here, to allow the\n\n<sup>14</sup> Certain repair-related expenses, in the amount of approximately \\$300,000, have not yet been funded out of the Repair Reserve, as the Trustee is awaiting a reconciliation from HK USA as to any insurance proceeds it received with respect to such repairs. (Any insurance proceeds would reduce the foregoing amount.) In addition, the repairs related to the sea valves have not yet been performed.\n\nTrustee to use up to \\$500,000 out of the Repair Reserve to fund Lady May related expenses. For one, as noted, the Court has already found that there is probable cause that the Trustee will prevail on his counterclaims in the HK USA Adversary Proceeding and, to secure such a judgment, authorized the Trustee to attach the funds—originally \\$37 million—that HK USA placed into escrow under the Stipulated Order, which funds include the amounts subsequently transferred into the Repair Reserve. Indeed, the Trustee's rights to the Repair Reserve are even *stronger* than the funds held in escrow because HK USA previously consented, as part of the Repair Reserve Order as well as the two consent orders to fund operating expenses, to the use of these funds to preserve the Lady May, and the Trustee has custody and control of such funds.\n\n33. Further, the Trustee was previously misled into believing that HK USA had no available resources to fund the repairs and operating expenses for the Lady May—which turned out not be correct, in light of the operations and management agreement with Lamp Capital. What is more, this Court entered an order authorizing the funding of the Repair Reserve—from the Escrowed Funds—without HK USA disclosing the existence of the Lamp Capital agreement. Nor did HK USA disclose the Lamp Capital agreement when it sought to modify the Repair Reserve Order to fund operating and maintenance expenses for the Lady May. Nor did HK USA disclose this agreement at the times when it and the Trustee agreed that approximately \\$520,000 in Repair Reserve funds would be used to pay for operating and maintenance expenses for the Lady May. The net effect of this is that hundreds of thousands of dollars have been diverted from, initially, the Escrowed Funds and, later, the Repair Reserve to pay for expenses that are the responsibility of Lamp Capital—all without HK USA even mentioning the existence of the operations and maintenance agreement with Lamp Capital.\n\n34. All of this, in turn, has resulted in a substantial reduction in funds that are now subject to prejudgment attachment and, hence, available to the Trustee in the event he prevails in the HK USA Adversary Proceeding. Based on the foregoing, the Trustee submits that it would be fundamentally unfair to allow HK USA to now prevent the use of \\$500,000 in Repair Reserve funds to preserve and protect a significant asset of this estate (assuming the Court determines that the Lady May is an asset of the estate).\n\n35. Finally, and to be clear, nothing in the Repair Reserve Order prevents the Court from modifying that order. Neither HK USA, nor any of the other parties, have any consent (or veto) rights with respect to that order.\n\n#### **CONCLUSION**\n\n36. For all these reasons, the Trustee requests entry of an order modifying the Repair Reserve Order to authorize the Trustee to fund up to \\$500,000 out of the Repair Reserve to pay operating, maintenance, and related expenses for the Lady May.\n\n[*The remainder of this page is intentionally blank.*]\n\nWHEREFORE, the Trustee respectfully requests entry of the Proposed Order granting\n\nthe relief requested herein and such other and further relief as the Court may deem just and\n\nproper.\n\nDated: March 23, 2023 LUC A. DESPINS, New Haven, Connecticut CHAPTER 11 TRUSTEE\n\nBy: */s/ Luc A. Despins*\n\nLuc A. Despins (admitted *pro hac vice*) G. Alexander Bongartz (admitted *pro hac vice*) Douglass Barron (admitted *pro hac vice*) PAUL HASTINGS LLP 200 Park Avenue New York, New York 10166 (212) 318-6000 alexbongartz@paulhastings.com douglassbarron@paulhastings.com\n\n*and*\n\nNicholas A. Bassett (admitted *pro hac vice*) PAUL HASTINGS LLP 2050 M Street NW Washington, D.C., 20036 (202) 551-1902 nicholasbassett@paulhastings.com\n\n*and*\n\nPatrick R. Linsey (ct29437) Neubert, Pepe & Monteith, P.C. 195 Church Street, 13th Floor New Haven, Connecticut 06510 (203) 781-2847 plinsey@npmlaw.com\n\n*Counsel for the Chapter 11 Trustee*\n\nCase 22-50073 Doc 1588 Filed 03/23/23 Entered 03/23/23 17:51:24 Page 16 of 19\n\n# **EXHIBIT 1**\n\n**Proposed Order**\n\n# **UNITED STATES BANKRUPTCY COURT DISTRICT OF CONNECTICUT BRIDGEPORT DIVISION**\n\n| ------------------------------------------------------<br>x |        |                         |  |  |\n|-------------------------------------------------------------|--------|-------------------------|--|--|\n| In re:                                                      | :<br>: | Chapter 11              |  |  |\n| HO WAN KWOK et al.,                                         | :<br>: | Case No. 22-50073 (JAM) |  |  |\n| Debtors.1                                                   | :<br>: | Jointly Administered    |  |  |\n| ------------------------------------------------------      | :<br>x |                         |  |  |\n\n## **ORDER APPROVING EMERGENCY MOTION OF CHAPTER 11 TRUSTEE FOR ENTRY OF ORDER MODIFYING REPAIR RESERVE ORDER**\n\nUpon the motion (the \"Motion\")2 of Luc Despins, in his capacity as the chapter 11 trustee (the \"Trustee\") appointed in the chapter 11 case of Ho Wan Kwok (the \"Debtor\"), requesting entry of an order modifying the Repair Reserve Order so as to allow that up to \\$500,000 in maintenance, operating, and related expenses for the Lady May be funded out of the Repair Reserve (all as further detailed in the Motion); and the Court having reviewed the Motion and having considered the statements of counsel before the Court at a hearing (the \"Hearing\"); and the Court having found that (a) the Court has jurisdiction over this matter pursuant to 28 U.S.C. §§ 157 and 1334; (b) this is a core proceeding pursuant to 28 U.S.C. § 157(b); (c) venue is proper pursuant to 28 U.S.C. §§ 1408 and 1409; and (d) good and sufficient notice of the Motion having been given; and no other or further notice being required; and the Court having found and determined that the legal and factual bases set forth in the Motion establish just cause for the\n\n<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 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<sup>2</sup> Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Motion.\n\nrelief granted herein; and it appearing that the relief requested by the Motion, as modified by the terms of this Order is in the best interest of the Debtors' estates and creditors; and upon all of the proceedings had before the Court and after due deliberation and sufficient cause appearing therefor, it is hereby\n\n#### ORDERED THAT:\n\n1. The Motion is GRANTED as set forth herein.\n\n2. Notwithstanding anything to the contrary in the Repair Reserve Order, the Trustee is hereby authorized to pay out of the Repair Reserve the reasonable and ordinary operating, maintenance, and related expenses (including insurance premiums) for the Lady May up to an aggregate amount of \\$500,000.\n\n3. For the avoidance of doubt, except as set forth in this Order, the Repair Reserve Order shall otherwise remain in place to fund the payment of repairs for the Lady May, including the repair of the sea valves.\n\n4. The Trustee is authorized and empowered to take all actions necessary to effectuate the relief granted in this Order.\n\n5. The terms and conditions of this Order shall be immediately effective and enforceable upon its entry.\n\n6. This Court retains exclusive jurisdiction with respect to all matters arising from or related to the implementation, interpretation, and enforcement of this Order.\n\n# **UNITED STATES BANKRUPTCY COURT DISTRICT OF CONNECTICUT BRIDGEPORT DIVISION**\n\n| ------------------------------------------------------<br>x |             |                         |  |  |\n|-------------------------------------------------------------|-------------|-------------------------|--|--|\n| In re:                                                      | :<br>:      | Chapter 11              |  |  |\n| HO WAN KWOK et al.,                                         | :<br>:      | Case No. 22-50073 (JAM) |  |  |\n| Debtors.1                                                   | :<br>:<br>: | Jointly Administered    |  |  |\n| ------------------------------------------------------      | x           |                         |  |  |\n\n## **CERTIFICATE OF SERVICE**\n\nThe undersigned hereby certifies that on March 23, 2023, the foregoing Motion, and all declarations, exhibits and attachments thereto, was electronically filed. Notice of this filing was sent by e-mail to all parties to the above-captioned chapter 11 case by operation of the Court's electronic filing (\"CM/ECF\") system or by mail to anyone unable to accept electronic filing as indicated on the Notice of Electronic Filing. Parties may access this filing through the Court's CM/ECF system.\n\n| Dated: | March 23, 2023         | By: /s/ Luc A. Despins                        |\n|--------|------------------------|-----------------------------------------------|\n|        | New Haven, Connecticut | Luc A. Despins (admitted pro hac vice)        |\n|        |                        | G. Alexander Bongartz (admitted pro hac vice) |\n|        |                        | Douglass Barron (admitted pro hac vice)       |\n|        |                        | PAUL HASTINGS LLP                             |\n|        |                        | 200 Park Avenue                               |\n|        |                        | New York, New York 10166                      |\n|        |                        | (212) 318-6000                                |\n|        |                        | lucdespins@paulhastings.com                   |\n|        |                        | alexbongartz@paulhastings.com                 |\n|        |                        | douglassbarron@paulhastings.com               |\n\n *Counsel for the Chapter 11 Trustee*\n\n<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 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).","body_zh":"美国康涅狄格联邦地区破产法院布里奇波特分院\n\nx\n\n关于：　：\n：　第11章\nHO WAN KWOK（郭文贵）等，　：\n：　案号 22-50073 (JAM)\n债务人。1　：\n：　合并管理\n\nx\n\n第11章受托人紧急动议，请求作出修改维修准备金裁定的命令\n\nLuc A. Despins（卢克·A·德斯平斯）以其作为在 Ho Wan Kwok（郭文贵）（“债务人”）第11章案件（“第11章案件”）中获任命的第11章受托人（“受托人”）的身份，谨此提交本紧急动议（“本动议”），请求作出一项命令，其形式大致如随附附件1（“拟议命令”）所示，以修改本院作出的《同意裁定：准许 HK International Funds Investments (USA) Limited, LLC（香港国际基金投资（美国）有限公司）的动议，为 Lady May（梅夫人号）设立维修准备金》[案卷编号 930]（“维修准备金裁定”），从而允许从维修准备金（定义见维修准备金裁定）中拨付最高 $500,000，用于 Lady May 的运营、维护及相关费用（包括保险费）。2 为支持本动议，受托人陈述如下：\n\n1 本第11章案件中的债务人为 Ho Wan Kwok（郭文贵）（亦称 Guo Wengui、Miles Guo 及 Miles Kwok，以及其他众多别名）（税务识别号码后四位：9595）、Genever Holdings LLC（税务识别号码后四位：8202）以及 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，c/o Luc A. Despins，作为 Ho Wan Kwok 遗产的受托人（仅为通知及通信之目的）。\n\n2 本动议以前提是本院准许受托人尚待裁决的部分即决判决动议[对抗程序案号 22-05003 中的案卷编号 146]（“部分即决判决动议”），并认定 Lady May 属于债务人遗产的资产。本院已将部分即决判决动议的听证会安排于 March 27, 2023 at 11:00 a.m. (ET) 举行。受托人通过另行提交的动议，请求以加急方式在部分即决判决动议听证会结束后立即审理本动议。如部分即决判决动议被驳回，受托人将不妨碍其权利地撤回本动议。\n\n初步陈述3\n\n1. 如本院准许受托人的部分即决判决动议，则受托人将须为 Lady May 支付运营、维护及相关费用，包括保险费，以在未来出售 Lady May 前为债务人的债权人利益保护及保全该项有价值的资产。尤其重要的是，除其他事项外，受托人必须就 Lady May 取得并维持保护及赔偿保险（“P&I”保险）。如受托人先前向本院报告，现行 P&I 保单将于 March 28, 2023 到期；并且，如 HK International Funds Investments (USA) Limited, LLC（香港国际基金投资（美国）有限公司）（“HK USA”）的律师向本院确认，HK USA 无法取得现行 P&I 保单的延期，也无法取得新的 P&I 保单。因此，受托人必须尽快取得该等保险（假定其在部分即决判决动议中胜诉）。\n\n2. 如本院所知，目前受托人账户（与维修准备金分开）的现金余额微乎其微，而且实际上为负数，因为迄今发生的费用尚未获得偿还。正如 HK USA 在其自行提出的（现已撤回的）请求修改维修准备金裁定、从维修准备金中支付 Lady May 运营费用的动议[案卷编号 1216]（“HK USA 修改动议”）中详细说明，预计 March 和 April 2023 的运营及维护费用分别为 $324,224.25 和 $110,724.25。见 HK USA 修改动议，附件 B。\n\n3 本初步陈述中使用但未定义的首字母大写术语，应具有本动议后文赋予该等术语的含义。\n\n3. 目前，受托人为完成 Lady May 的检修、维护及修理而持有的维修准备金余额约为 $3.4 million。尽管某些额外的修理相关费用尚未从维修准备金中支付，4 受托人认为，存在充足余量可为 Lady May 支付 $500,000 的运营、维护及相关费用，而不会产生资金不足以支付修理相关款项的风险。\n\n4. 受托人承认，HK USA 主张其系为维修准备金提供资金的资金所有人；但如本院所知，受托人不同意该立场，而是认为该等资金属于债务人遗产的财产。事实上，本院已作出一项 HK USA 同意的裁定，认定：\n\n有合理可能性认为，在考虑任何已知抗辩、反诉或抵销后，本案将作出有利于受托人的判决，其金额将为所请求判决前救济的金额，或大于所请求判决前救济金额的数额。5\n\n为担保该未来判决，本院授权受托人扣押，其中包括：\n\n反诉被告方[其中包括 HK USA]就该等资金享有的任何权益及／或收款权利——HK USA 根据关于 Lady May 返回美国的 April 29, 2022 约定存入托管账户的原为 $37 million 的资金。6\n\n换言之，本院已认定（经 HK USA 同意），受托人在 HK USA 对抗程序中的诉请有合理可能性胜诉，因此其有权从维修准备金中的资金（该准备金由最初托管的 $37 million 提供资金）中收回该等判决金额。事实上，受托人对维修准备金享有的权利甚至强于托管资金，因为 HK USA 先前已同意使用维修准备金中的资金保全 Lady May，且受托人保管并控制该等资金。\n\n4 约 $300,000 的某些修理相关费用尚未从维修准备金中支付，因为受托人正等待 HK USA 就其因该等修理收到的任何保险赔款进行核对。（任何保险赔款均会减少前述金额。）此外，与海阀有关的修理尚未完成。\n\n5 《准许第11章受托人判决前救济申请的裁定》[对抗程序案号 22-05003 中的案卷编号 140]，第 2 页。\n\n6 同上。\n\n5. 无论如何，如本院将会忆及，受托人此前同意从维修准备金中支付（且确已支付）约 $520,000 的运营及维护费用，用于 November 2022 至 February 2023 期间。7 值得注意的是，受托人在通过调查得知该等费用本应由 Lamp Capital LLC（蓝普资本有限责任公司）（“Lamp Capital”）依据其与 HK USA 签订的运营及维护协议支付之前，即已同意如此支付；Lamp Capital 据称由债务人的儿子 Qiang Guo（郭强）所有，而 HK USA 在其向本院提交的任何与 Lady May 及维修准备金有关的动议和诉状中，均刻意未提及该协议。因此，目前受判决前扣押的资金减少了约 $520,000，因而若受托人在 HK USA 对抗程序中胜诉，可供受托人使用的资金也相应减少。此外，受托人主张，Lamp Capital 不仅负责支付运营费用，也负责修理费用——这引发了严肃问题：最初托管的 $37 million 中是否有任何部分本就应被用于设立维修准备金（而非首先由 Lamp Capital 支付全部修理费用）。\n\n7 见《同意裁定：修改准许 HK International Funds Investments (USA) Limited, LLC 的动议、为 Lady May 设立维修准备金的同意裁定》[案卷编号 1255]（授权从维修准备金中拨付 $298,558.28，用于支付 Lady May 在 November 2022 和 December 2022 的运营费用）；《第二份同意裁定：修改准许 HK International Funds Investments (USA) Limited, LLC 的动议、为 Lady May 设立维修准备金的同意裁定》[案卷编号 1330]（授权从维修准备金中拨付 $220,448.50，用于支付 Lady May 在 January 2023 和 February 2023 的运营费用）。\n\n6. 鉴于该一系列事件，考虑到 Lamp Capital 未支付 $520,000 的费用（以及 HK USA 未披露 Lamp Capital 负有该等支付义务），若不允许受托人以紧急方式从维修准备金中使用等额资金支付 Lady May 的费用，将构成根本性不公平。\n\n7. 基于所有上述理由，受托人请求作出一项修改维修准备金裁定的命令，授权受托人从维修准备金中拨付最高 $500,000，以支付 Lady May 的运营、维护及相关费用。8 为明确起见，鉴于本动议的紧急性质，本动议请求的救济仅限于支付 $500,000 的费用；但是，受托人拟另行请求救济，以支付 Lady May 额外的运营、维护及相关费用（如有必要）。为免生疑义，维修准备金裁定在其他方面仍应继续有效，以支付修理费用，包括海阀的修理费用。\n\n8. 最后，尽管受托人承认其此前反对 HK USA 修改动议中关于从维修准备金支付 Lady May 运营及维护费用的请求，但受托人如此反对，是因为：(a) HK USA 在判决前救济申请听证会结束前请求该等救济；以及 (b) 如前所述，Lamp Capital 实际上负责支付该等费用。鉴于判决前救济申请现已获准（经反诉被告方同意），且鉴于根据 HK USA 撤回其动议可以明确看出 Lamp Capital LLC 不会承担支付该等运营及维护费用的责任，受托人别无选择，只能请求本动议所述的救济。\n\n8 受托人拟通过另行提交的动议，请求本院授权从前述 $500,000 中支付其专家 Dexter White（德克斯特·怀特）的费用和开支；若受托人在其部分即决判决动议中胜诉，该专家将协助受托人取得保险，并将 Lady May 的运营移交给受托人。\n\n管辖权及审判地\n\n9. 美国康涅狄格联邦地区破产法院（“本院”）根据 28 U.S.C. §§ 157 and 1334 以及美国康涅狄格联邦地区法院的移送常设命令，对本事项享有管辖权。这是一项 28 U.S.C. § 157(b) 所称的核心程序。\n\n10. 根据 28 U.S.C. §§ 1408 and 1409，本地区为适格审判地。\n\n背景\n\n一、为 Lady May 设立维修准备金\n\n11. On April 29, 2022，本院作出《约定裁定：责令 HK International Funds Investments (USA) Limited, LLC 将特定游艇“Lady May”运送并交付》[案卷编号 299]（“约定裁定”），载明有关 Lady May 返回康涅狄格州可通航水域的条款和条件。根据约定裁定，HK USA 向 U.S. Bank National Association（美国合众银行全国协会）的托管账户存入 $37,000,000（“托管资金”）。Lady May 于 July 2022 初返回康涅狄格州可通航水域。\n\n12. 2022年8月11日，HK USA提交了《关于为Lady May号设立维修准备金的命令动议》[案卷编号728]（以下简称“维修准备金动议”），请求设立一项准备金（以下简称“维修准备金”），以支付使Lady May号恢复良好运行状态所必需的某些维修费用。\n\n13. 2022年10月7日，经受托人、HK USA、Pacific Alliance Asia Opportunity Fund L.P.（“PAX”）、无担保债权人正式委员会以及债权人Rui Ma（马睿）和Zheng Wu（吴征）同意，法院作出维修准备金命令。根据维修准备金命令，法院(i)授权受托人作为托管代理人持有一笔$4 million的维修准备金（以下简称“维修准备金”），用于“确保完成为使Lady May号恢复良好运行状态而必须进行的服务、维护和维修工作”9；并且(ii)允许受托人从维修准备金中支付为Lady May号进行必要维修所产生的费用。根据维修准备金命令及相关拨付款命令[案卷编号932]，托管资金中的$4 million被转入维修准备金。\n\n14. 2022年12月9日，HK USA提交了其修改维修准备金命令的动议[案卷编号1216]（即HK USA的修改动议），请求作出一项命令，授权并指示受托人从维修准备金中拨付为支付Lady May号已经发生及将在随后五个月内发生的某些运营费用所必需的若干款项。HK USA的修改动议附有一份涵盖2022年11月至2023年4月期间的预算。HK USA的修改动议，附件B。\n\n15. 2023年1月2日，受托人提交了其对HK USA修改动议的初步异议[案卷编号1276]（以下简称“初步异议”）。受托人反对该动议，原因包括该动议违反维修准备金命令的条款；该命令明确规定了申请释放维修准备金中任何超额部分的机制，而该申请仅可在就受托人于题为HK International Funds Investments (USA) Limited, LLC v. Ho Wan Kwok（郭文贵）的对抗程序，案号Adv. Proc. No. 22-05003 (JAM)（以下简称“HK USA对抗程序”）中提出的判决前救济申请[Adv. Proc. No. 22-5003中的案卷编号37]（以下简称“PJR申请”）举行听证会的预定结束日期两周后提出。\n\n9 维修准备金命令，第2页。\n\n16. 2023年2月28日，受托人提交了其对HK USA修改动议的补充异议[案卷编号1490]（以下简称“补充异议”）。在补充异议中，受托人提出了另一项异议，即HK USA的修改动议也应被驳回，因为Lamp Capital（蓝普资本）已通过合同同意向HK USA提供管理和运营支持，其中包括维护其主要资产Lady May号。\n\n17. 在HK USA修改动议待决期间，但在得知Lamp Capital协议仍然有效之前，受托人同意从维修准备金中支付（并确已支付）约$520,000的Lady May号运营费用，即$298,558.28，用于涵盖2022年11月至2023年2月期间。10\n\n18. 2023年3月17日，HK USA的修改动议被无损权利地撤回。见案卷编号1551。\n\nII. HK USA对抗程序\n\n19. 2022年4月11日，HK USA对债务人和PAX提起HK USA对抗程序，主张HK USA为Lady May号的所有人。\n\n20. 2022年9月23日，受托人提交了其答辩及反诉[Adv. Proc. No. 22-05003中的案卷编号36]以及PJR申请。2022年10月17日，受托人提交了其初步禁令动议[Adv. Proc. No. 22-05003中的案卷编号50]（以下简称“初步禁令动议”），请求禁止HK USA和Mei Guo（郭美）（以下简称“反诉被告”），即债务人的女儿及HK USA的所有人，转让或设定其位于任何地点的财产之负担。\n\n10 见《关于修改准许HK International Funds Investments (USA) Limited, LLC为Lady May号设立维修准备金命令之同意命令》[案卷编号1255]（授权从维修准备金中释放$298,558.28，以支付2022年11月和2022年12月的Lady May号运营费用）；《第二份关于修改准许HK International Funds Investments (USA) Limited, LLC为Lady May号设立维修准备金命令之同意命令》[案卷编号1377]（授权从维修准备金中释放$220,448.50，以支付2023年1月和2023年2月的Lady May号运营费用）。\n\n21. 在其答辩及反诉中，受托人请求作出裁定，认定HK USA是债务人的另我，从而使HK USA的全部财产，包括Lady May号及根据适用托管协议存入托管账户的$37 million和/或与之相关的权利，均构成债务人第11章破产财产的财产。PJR申请请求扣押包括Lady May号及HK USA根据约定命令存入托管账户的$37 million在内的财产，以担保受托人在答辩及反诉中所主张请求的任何判决。\n\n22. 2023年3月15日，法院原定就PJR申请和初步禁令动议举行辩论听证。在听证会上，反诉被告同意作出准许PJR申请和初步禁令动议的命令。法院于2023年3月17日分别作出相应命令（以下简称“PJR命令”和“初步禁令命令”）。见Adv. Proc. No. 22-05003中的案卷编号140和142。\n\n23. 在PJR命令中，法院认定，其中包括，\n\n有合理根据相信，考虑到任何已知的抗辩、反诉或抵销，在本案中将作出有利于受托人的判决，其金额为所请求判决前救济的金额，或高于所请求判决前救济金额的数额。11\n\n为担保该项未来判决，法院还授权受托人扣押足以担保判决金额（如PJR命令所定义）的反诉被告财产，包括：\n\n反诉被告[其中包括HK USA]就HK USA根据2022年4月29日关于Lady May号返回美国的约定所存入托管账户的资金——原为$37 million——所享有的任何权益和/或收款权。12\n\n11 PJR命令，第2页。\n\n24. 2023年3月19日，受托人提交了部分简易判决动议及相关的《支持Ho Wan Kwok第11章破产财产受托人就第一项反诉提出部分简易判决动议的法律备忘录》[Adv. Proc. No. 22-05003中的案卷编号147]，据此，受托人请求本法院就其答辩及反诉中的第一项反诉（以下简称“第一项反诉”）作出有利于受托人的部分简易判决；该项反诉请求作出确认判决，认定Lady May号为债务人破产财产的财产。\n\n25. 与部分简易判决动议同时，受托人还提交了加速审理该动议的动议[Adv. Proc. No. 22-05003中的案卷编号149]（以下简称“加速简易判决听证动议”）。如加速简易判决听证动议所详述，受托人对HK USA维护Lady May号（包括取得足额保险）的意愿和/或能力深感担忧（且仍持续担忧），并认为存在HK USA可能径行遗弃Lady May号的真实风险。鉴于以下情况，这些担忧进一步加剧：(i)债务人于2023年3月15日被联邦执法部门逮捕；以及(ii)同日稍后，Sherry Netherland Hotel（谢里内瑟兰酒店）18层公寓发生火灾，该公寓由Genever Holdings LLC（本第11章案件中的债务人之一）所有。这一情况及其他近期进展使得法院必须尽快裁决受托人是否为Lady May号的所有人，以便受托人能够采取适当行动保护该项具有价值的破产财产资产。\n\n12 同上。\n\n26. 根据日期为2023年3月22日的命令[案卷编号153]，法院将部分简易判决动议的听证会安排在2023年3月27日星期一上午11:00（ET）举行。13 受托人通过与本动议同时提交的单独动议，请求在2023年3月27日部分简易判决动议之后立即审理本动议。\n\n请求的救济\n\n27. 受托人谨请求法院作出一项命令，修改维修准备金命令，授权受托人从维修准备金中支付Lady May号的运营、维护及相关费用（包括保险费），金额不超过$500,000。\n\n救济依据\n\n28. 被任命的第11章受托人负有“为最大限度地向债权人分配而保护和保存破产财产的法定义务。”In re Ngan Gung Rest., 254 B.R. 566, 570 (Bankr. S.D.N.Y. 2000) (citing 11 U.S.C. § 1106(a)). 如法院认定Lady May号为债务人破产财产的财产，受托人即有义务为债务人债权人的利益保存Lady May号这一破产财产资产。尤其是，受托人必须支付Lady May号的运营、维护及相关费用，包括保险费。该等费用定期发生，如未予支付，可能会显著降低Lady May号的价值，最终减少可供向债权人分配的金额。\n\n29. 特别值得注意的是，受托人必须尽快为Lady May号取得新的P&I保险保障。Lady May号现有的P&I保险单将于3月28日到期，2023年，且HK USA未能为Lady May号取得该保单的延期或新的P&I保险单。未能维持Lady May号的P&I保险，使破产财产面临在发生涉及Lady May号的事故时遭受损害赔偿请求的风险。此外，未对破产财产予以投保不符合《破产法》的要求。见In re Van Eck, 425 B.R. 54, 61 (Bankr. D. Conn. 2010) (“为债务人及其破产财产提供该等保障的保险为Section 1112(b)(4)(C)所要求。”)。\n\n30. 为使受托人履行其保护可能成为本破产财产重大资产（即Lady May号）的法定义务，必须赋予受托人从维修准备金剩余资金中支付运营、维护及相关费用（包括适用的保险费）的能力，该准备金是为该等付款提供资金的唯一可用来源。\n\n31. 如前所述，目前破产财产仅具有极为有限的流动性。相比之下，Lady May号每月的运营和维护费用通常约为$110,000至$325,000（如HK USA修改动议附件B所详述）。此外，受托人主张，如最多可动用$500,000为Lady May号的运营、维护及相关费用提供资金，则不存在耗尽维修准备金的风险。事实上，目前维修准备金的余额约为$3.4 million。并且，如前所述，某些额外的维修相关费用尚未从维修准备金中支付，14但这些剩余维修费用超过$2.9 million的可能性极低。\n\n32. 受托人承认维修准备金的所有权存在争议。然而，受托人主张，在本案情形下，允许\n\n14. 某些与维修有关的费用，金额约为$300,000，尚未从维修准备金中拨付，因为受托人正在等待HK USA就其针对该等维修所收到的任何保险赔款进行核对。（任何保险赔款均将减少上述金额。）此外，与海阀有关的维修尚未实施。\n\n受托人拟从维修准备金中动用不超过$500,000，为Lady May（“Lady May”号游艇）相关费用提供资金。其一，如前所述，法院已经认定，受托人在HK USA对抗程序中的反诉很可能胜诉，并且为确保该判决，授权受托人扣押HK USA根据约定命令（Stipulated Order）存入托管账户的资金——原为$37 million——该等资金包括后来转入维修准备金的金额。事实上，受托人对维修准备金享有的权利甚至强于托管持有的资金，因为HK USA此前作为维修准备金命令以及两项为运营费用提供资金的同意命令的一部分，已同意将该等资金用于保全Lady May，且受托人持有并控制该等资金。\n\n33. 此外，受托人此前被误导而相信HK USA没有可用于支付Lady May维修和运营费用的资源——鉴于其与Lamp Capital（蓝普资本）之间的运营和管理协议，事实证明这并不正确。更有甚者，本法院在HK USA未披露Lamp Capital协议存在的情况下，作出了一项授权从托管资金中为维修准备金提供资金的命令。HK USA在其寻求修改维修准备金命令以为Lady May的运营和维护费用提供资金时，也未披露Lamp Capital协议。HK USA和受托人同意使用约$520,000维修准备金资金支付Lady May运营和维护费用时，HK USA亦未披露该协议。因此，数十万美元最初从托管资金、后来从维修准备金中被转用于支付本应由Lamp Capital负责的费用——而HK USA甚至从未提及其与Lamp Capital之间运营和维护协议的存在。\n\n34. 所有这些情况反过来导致目前受到判决前扣押、因而在受托人在HK USA对抗程序中胜诉时可供其使用的资金大幅减少。基于上述情况，受托人提交认为，若允许HK USA现时阻止使用$500,000维修准备金资金来保全和保护本财产的一项重要资产，将构成根本性不公（前提是法院认定Lady May为本财产的一项资产）。\n\n35. 最后，为免疑义，维修准备金命令中的任何内容均不妨碍法院修改该命令。HK USA或任何其他当事方均不对该命令享有任何同意权（或否决权）。\n\n结论\n\n36. 基于所有上述理由，受托人请求作出一项修改维修准备金命令的命令，授权受托人从维修准备金中拨付不超过$500,000，用于支付Lady May的运营、维护及相关费用。\n\n[本页其余部分特意留白。]\n\n因此，受托人谨此请求作出拟议命令，准予本申请所请求的救济，以及法院认为公正和适当的其他及进一步救济。\n\n日期：March 23, 2023　康涅狄格州纽黑文　LUC A. DESPINS，第11章受托人\n\n签署人：/s/ Luc A. Despins\n\nLuc A. Despins（获准临时出庭）\nG. Alexander Bongartz（获准临时出庭）\nDouglass Barron（获准临时出庭）\nPAUL HASTINGS LLP（保罗·黑斯廷斯律师事务所）\n200 Park Avenue\nNew York, New York 10166\n(212) 318-6000\nalexbongartz@paulhastings.com\ndouglassbarron@paulhastings.com\n\n以及\n\nNicholas A. Bassett（获准临时出庭）\nPAUL HASTINGS LLP（保罗·黑斯廷斯律师事务所）\n2050 M Street NW\nWashington, D.C., 20036\n(202) 551-1902\nnicholasbassett@paulhastings.com\n\n以及\n\nPatrick R. Linsey（ct29437）\nNeubert, Pepe & Monteith, P.C.（纽伯特、佩佩与蒙蒂思律师事务所）\n195 Church Street, 13th Floor\nNew Haven, Connecticut 06510\n(203) 781-2847\nplinsey@npmlaw.com\n\n第11章受托人代理律师\n\nCase 22-50073　Doc 1588　Filed 03/23/23　Entered 03/23/23 17:51:24　Page 16 of 19\n\n附件1\n\n拟议命令\n\n美国破产法院\n康涅狄格地区\n布里奇波特分庭\n\nx\n\n关于：　：\n：　第11章\nHO WAN KWOK（郭文贵）等人，　：\n：　案号 22-50073 (JAM)\n债务人。1　：\n：　联合管理\n\nx\n\n批准第11章受托人紧急动议、作出修改维修准备金命令之命令的命令\n\n兹审理Luc Despins以其作为在Ho Wan Kwok（“债务人”）第11章案件中获任命的第11章受托人（“受托人”）身份提出的动议（“该动议”）2，请求作出一项修改维修准备金命令的命令，以允许从维修准备金中拨付不超过$500,000，用于Lady May的维护、运营及相关费用（所有详情均载于该动议）；且法院已审阅该动议，并已在听证会（“该听证会”）上考虑律师在法院面前所作陈述；且法院已认定：(a) 法院根据28 U.S.C. §§ 157 and 1334对本事项具有管辖权；(b) 根据28 U.S.C. § 157(b)，本案属于核心程序；(c) 根据28 U.S.C. §§ 1408 and 1409，审理地点适当；以及(d) 已就该动议作出良好且充分的通知；且无需其他或进一步通知；且法院已认定并确定，该动议中所述的法律及事实依据已确立作出以下救济的正当理由；\n\n1. 本第11章案件中的债务人为Ho Wan Kwok（又名Guo Wengui、Miles Guo及Miles Kwok，以及众多其他别名）（税务识别号码后四位：9595）、Genever Holdings LLC（税务识别号码后四位：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，c/o Luc A. Despins，作为Ho Wan Kwok财产的受托人（仅用于通知和通讯目的）。\n\n2. 本文中使用但未定义的首字母大写术语，应具有该动议中赋予其的含义。\n\n本命令所准予的救济；且显示，经本命令条款修改后的该动议所请求救济符合债务人财产及债权人的最佳利益；且基于法院面前已经进行的全部程序，并经适当审议及显示存在充分理由，现特此\n\n命令如下：\n\n1. 该动议按本命令所载内容予以准许。\n\n2. 尽管维修准备金命令中有任何相反规定，现授权受托人从维修准备金中支付Lady May合理且通常的运营、维护及相关费用（包括保险费），累计金额不超过$500,000。\n\n3. 为免疑义，除本命令所规定者外，维修准备金命令仍应继续有效，以为Lady May维修费用的支付提供资金，包括海阀维修。\n\n4. 授权并赋予受托人采取一切必要行动，以实施本命令所准予的救济。\n\n5. 本命令的条款和条件自其录入之时起立即生效并可执行。\n\n6. 本法院对因实施、解释和执行本命令而产生或与之相关的一切事项保留专属管辖权。\n\n美国破产法院\n康涅狄格地区\n布里奇波特分庭\n\nx\n\n关于：　：\n：　第11章\nHO WAN KWOK（郭文贵）等人，　：\n：　案号 22-50073 (JAM)\n债务人。1　：\n：\n：　联合管理\n------------------------------------------------------　x\n\n送达证明\n\n下列签署人特此证明，于March 23, 2023，前述动议及其所有声明、附件和附随文件已通过电子方式提交。该提交的通知已通过法院电子提交（“CM/ECF”）系统，向上述标题所列第11章案件的所有当事方发送电子邮件；或按电子提交通知所示，通过邮寄方式发送给任何无法接受电子提交的人士。当事方可通过法院的CM/ECF系统查阅该提交文件。\n\n日期：March 23, 2023　签署人：/s/ Luc A. Despins\n\n康涅狄格州纽黑文　Luc A. Despins（获准临时出庭）\nG. Alexander Bongartz（获准临时出庭）\nDouglass Barron（获准临时出庭）\nPAUL HASTINGS LLP（保罗·黑斯廷斯律师事务所）\n200 Park Avenue\nNew York, New York 10166\n(212) 318-6000\nlucdespins@paulhastings.com\nalexbongartz@paulhastings.com\ndouglassbarron@paulhastings.com\n\n第11章受托人代理律师\n\n1. 本第11章案件中的债务人为Ho Wan Kwok（又名Guo Wengui、Miles Guo及Miles Kwok，以及众多其他别名）（税务识别号码后四位：9595）、Genever Holdings LLC（税务识别号码后四位：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，c/o Luc A. Despins，作为Ho Wan Kwok财产的受托人（仅用于通知和通讯目的）。","key_entities":["Kwok","Ho Wan Kwok","Despins","Je","Guo","Paul Hastings","Miles Guo","Luc Despins","CIPA"],"ecf_references":[],"word_count":5532,"status":"published","published_at":"2023-03-23 00:00:00","created_at":"2023-03-23","updated_at":"2026-08-23 18:59:20"}