{"id":"court_ctb_1758_0","court":"CTB","case_no":"22-50073","doc_number":1758,"sub_number":0,"doc_type":"ORDER","filed_date":"2023-03-28","title":"UNITED STATES BANKRUPTCY COURT DISTRICT OF CONNECTICUT BRIDGEPORT DIVISION | -------------------------------------------","summary_zh":"依据破产法第363(b)条将游艇移入对外贸易区动议 —— Ho Wan Kwok 破产案（郭文贵 / Guo Wengui / Miles Guo），CTB 22-50073 ECF #1758（2023-03-28立案）。第11章受托人申请法院批准将游艇「Lady May」移入罗德岛纽波特的对外贸易区（FTZ），申请5,970美元的赔偿保函并支付停泊差价，从此前批准的维修储备金中列支，以避免约400,000美元的进口关税并面向美国买家推销该资产。","summary_en":"Motion Pursuant to Section 363(b) to Transfer Yacht into Foreign-Trade Zone —— In re Ho Wan Kwok (Miles Guo / Guo Wengui), CTB 22-50073 ECF #1758 (Filed 2023-03-28). The Chapter 11 Trustee moved for authorization to transfer the luxury yacht Lady May into a foreign-trade zone in Newport, Rhode Island, obtain a $5,970 indemnity bond, and pay associated fees from the previously approved repair reserve, avoiding roughly $400,000 in import duties to market the vessel to U.S. buyers.","body_en":"# **UNITED STATES BANKRUPTCY COURT DISTRICT OF CONNECTICUT BRIDGEPORT DIVISION**\n\n| ----------------------------------------------------------- | x      |                         |\n|-------------------------------------------------------------|--------|-------------------------|\n| In re:                                                      | :<br>: | Chapter 11              |\n|                                                             | :      |                         |\n| 1<br>HO WAN KWOK,<br>et al.,                                | :<br>: | Case No. 22-50073 (JAM) |\n| Debtors.                                                    | :      | (Jointly Administered)  |\n| ----------------------------------------------------------- | :<br>x |                         |\n|                                                             |        |                         |\n\n# **MOTION OF CHAPTER 11 TRUSTEE, PURSUANT TO BANKRUPTCY CODE SECTION 363(b), FOR ENTRY OF ORDER AUTHORIZING TRUSTEE TO (I) TRANSFER LADY MAY INTO FOREIGN-TRADE ZONE IN NEWPORT, RHODE ISLAND, (II) APPLY FOR AND OBTAIN INDEMNITY BOND RELATED THERETO, AND (III) PAY ALL RELATED FEES**\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 motion (the \"Motion\") for entry of an order, substantially in the form attached hereto as **Exhibit A** (the \"Proposed Order\"), pursuant to section 363(b) of title 11 of the United States Code (the \"Bankruptcy Code\"), authorizing the Trustee to (i) transfer the Lady May yacht into the foreign-trade zone (the \"FTZ\") at the Safe Harbor Newport Shipyard (the \"Safe Harbor Shipyard\") in Newport, Rhode Island, (ii) apply for and obtain an indemnity bond (the \"FTZ Indemnity Bond\") in connection with transferring the Lady May into the FTZ, and (iii) pay all related fees, including the fee for the FTZ Indemnity Bond and the incremental dockage fees associated with berthing the Lady May in the FTZ. The Trustee also requests authorization to\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 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\npay such fees out of the \\$500,000 from the repair reserve (the \"Repair Reserve\") previously authorized by order of this Court, dated March 28, 2023 [Docket No. 1608], to fund yachtrelated expenses. In support of this Motion, the Trustee respectfully states as follows:\n\n# **PRELIMINARY STATEMENT<sup>2</sup>**\n\n1. As the Court is well aware, the Trustee intends to sell the Lady May (and the Lady May II) for the benefit of the Debtor's estate and, to that end, has already obtained authorization to (a) retain Edmiston and Company Limited (\"Edmiston\") as broker to market the Lady May (and the Lady May II) for sale and (b) move the Lady May to the Safe Harbor Shipyard in Newport, Rhode Island. 3\n\n2. By this Motion, the Trustee now seeks authorization to transfer the Lady May into Newport's foreign-trade zone. <sup>4</sup> Foreign-trade zones, such as the one in Newport, are under the U.S. Customs and Border Protection (\"U.S. Customs\") supervision, and are the United States' version of what is known internationally as free-trade zones. Advantages of transferring a vessel into a foreign-trade zone include that such vessels (i) are not subject to U.S. duty or excise tax, (ii) may be exported from the zone free of duty and excise tax, and (iii) may remain in a zone indefinitely, whether or not subject to duty. The FTZ at the Safe Harbor Shipyard is the only one of its kind in the United States outside of Florida.\n\n3. Transferring the Lady May—a foreign-flagged ship that has not been imported into the United States—into the FTZ will substantially enhance the prospect of a value-\n\n<sup>2</sup> Capitalized terms not defined in the Preliminary Statement shall have the meaning ascribed to them later in the Motion.\n\n<sup>3</sup> On May 2, 2023, the Lady May was moved from the Bridgeport marina in Bridgeport, Connecticut, to the Safe Harbor Shipyard in Newport, Rhode Island.\n\n<sup>4</sup> To be clear, the Lady May would remain at the Safe Harbor Shipyard, even after having been transferred into the FTZ.\n\nmaximizing sale, as such transfer will allow the Lady May to be marketed and sold to U.S. residents without incurring approximately \\$400,000<sup>5</sup> in duties (plus related fees) required to import the Lady May into the United States. While the estate would not incur such duties if the Lady May were only marketed and sold to *non-*U.S. residents, it would not be in the best interest of the estate to limit the marketing of the Lady May to non-U.S. residents only. It is simply not prudent to exclude potential U.S. buyers (who represent one of the largest markets for luxury yachts) from the universe of potential buyers.\n\n4. The Trustee acknowledges that transferring the Lady May into the FTZ will require the payment of some fees. In particular, the fees associated with berthing the Lady May in the FTZ at the Safe Harbor Shipyard are somewhat higher than the fees currently being charged by the Safe Harbor Shipyard for berthing the Lady May outside the FTZ. Specifically, the FTZ-related dockage fees reflect an incremental \\$2.50 per foot per night, for a total incremental cost of approximately \\$11,400 per month. In addition, the Trustee anticipates that the FTZ Indemnity Bond will cost \\$5,970 (which is a one-time expense). 6 While these cost are not negligible, they pale in comparison to the substantial duties that would have to be incurred if the Lady May were imported into the United States in order to be marketed and sold to U.S. residents.\n\n5. For all these reasons, and as further detailed below, the Trustee submits that the relief sought in this Motion is in the best interest of the Debtor's estate and should be granted.\n\n<sup>5</sup> The Trustee understands that such duties would be approximately 1.5% of the Lady May's estimate value. Based on the listing price under the Edmiston broker agreement (i.e., \\$26.5 million), this would translate into approximately \\$400,000 in duties (plus related fees).\n\n<sup>6</sup> A copy of the invoice for the FTZ Indemnity Bond is attached hereto as **Exhibit B**. A copy of the completed (but unsigned) application with surety Roanoke Trade to request the FTZ Indemnity Bond is attached hereto as **Exhibit C**. The Trustee will not submit this application and pay the related fees for the FTZ Indemnity Bond until after the Court has granted the relief requested in this Motion.\n\n### **VENUE, JURISDICTION, AND STATUTORY BASIS**\n\n6. 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.\n\n7. This is a core proceeding within the meaning of 28 U.S.C. § 157(b).\n\n8. Venue in this District is proper pursuant to 28 U.S.C. §§ 1408 and 1409.\n\n9. The statutory basis for the relief sought in this Motion is section 363(b) of the Bankruptcy Code.\n\n#### **BACKGROUND**\n\n#### **A. Ownership of Lady May**\n\n10. On April 11, 2022, HK International Funds (USA) Limited, LLC (\"HK USA\") initiated an adversary proceeding by filing a complaint [Docket No. 1, in Adv. Proc. No. 22- 5003] against the Debtor and Pacific Alliance Asia Opportunity Fund L.P. (\"PAX\"), asserting that HK USA is the owner of the Lady May.\n\n11. On April 29, 2022, the Court entered, in the main chapter 11 case, the *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 September 23, 2022, the Trustee filed his *Answer and Counterclaims* [Docket No. 36 in Adv. Proc. No. 22-5003] (the \"Answer and Counterclaims\"). The Trustee's first\n\ncounterclaim sought a ruling pursuant to 11 U.S.C. §§ 541 and 542 declaring that the Lady May is property of the Debtor's chapter 11 estate (the \"First Counterclaim\") to be administered by the Trustee and ordering the surrender of the Lady May to the Trustee.\n\n13. On March 19, 2023, the Trustee filed his motion for partial summary judgment [Docket No. 146 in Adv. Proc. No. 22-5003] (the \"Partial SJ Motion\") and supporting materials, seeking summary judgment on the First Counterclaim. *See also* Docket Nos. 147, 148, and 150 in Adv. Proc. No. 22-5003.\n\n14. A hearing on the Partial SJ Motion was held on March 27, 2023. At the conclusion of the hearing, for the reasons stated on the record and further set forth in the Court's *Supplemental Memorandum of Decision in Support of Oral Ruling Granting Motion for Partial Summary Judgment* [Docket No. 177 in Adv. Proc. No. 22-5003], the Court issued an oral ruling granting the Partial SJ Motion. Also on March 27, 2023, the Court entered its order granting the Partial SJ Motion [Docket No. 172 in Adv. Proc. No. 22-5003] (the \"Partial SJ Order\"), finding, among other things, that the Lady May is the property of the Debtor's estate. 7\n\n# **B. Repair Reserve**\n\n15. On August 11, 2022, HK USA filed its *Motion for Order Establishing Repair Reserve for the Lady May* [Docket No. 728] (the \"Repair Reserve Motion\"), seeking to establish a Repair Reserve to pay for certain repairs necessary to return the Lady May to good working order.\n\n16. On October 7, 2022, upon the consent of the Trustee, HK USA, PAX, the Official Committee of Unsecured Creditors, and creditors Rui Ma and Zheng Wu, the Court entered an\n\n<sup>7</sup> *See* Partial PJ Order ¶ 2.\n\norder granting the Repair Reserve Motion, with certain modifications [Docket No. 920] (the \"Repair Reserve Order\").\n\n17. On March 23, 2023, the Trustee filed the *Emergency Motion of Chapter 11 Trustee for Entry of Order Modifying Repair Reserve Order* [Docket No. 1588] (the \"Motion to Modify\"), to allow up to \\$500,000 in operating, maintenance, and related expenses for the Lady May to be funded out of the Repair Reserve.\n\n18. On March 28, 2023, the Court granted the Motion to Modify and the relief requested therein [Docket No. 1608] (the \"Order Granting Motion to Modify\"), allowing up to \\$500,000 be used from the Repair Reserve for maintenance and related expenses for the Lady May.\n\n# **C. Operation and Maintenance of Lady May**\n\n19. On April 5, 2023, in order to operate and maintain the Lady May, the Trustee filed the *Motion of Chapter 11 Trustee, Pursuant to Bankruptcy Code Section 363(b), for Entry of Order Authorizing Trustee to Enter Into, and Perform Under, Certain Postpetition Agreements Relating to Maintenance and Operation of the Lady May* [Docket No. 1637] (the \"Yacht Maintenance Motion\") for entry of an order to authorize entry into, and performance under, the Management Agreement with Yachtzoo, a dock space license agreement with the Bridgeport marina (the \"Bridgeport Dockage Agreement\"), and the Crew Provision Agreement with FDS46 Crew Series LLC. On April 12, 2023, the Court entered an order granting the relief sought in the Yacht Maintenance Motion authorizing the Trustee to enter into, and perform under, the Management Agreement, the Crew Provision Agreement, and the Bridgeport Dockage Agreement. *See* Docket No. 1662.\n\n20. On April 18, 2023, the Trustee filed the *Application of Trustee, Pursuant to Bankruptcy Code Sections 327(a) and 328, Bankruptcy Rules 2014(a) and 2016, and Local Rule 2014-1, for Entry of Order Authorizing Employment and Retention of Edmiston and Company Limited as Broker for Sale of Lady May and Lady May II* [Docket No. 1675] (the \"Broker Retention Application\"), seeking an order authorizing the retention of Edmiston and Company Limited (\"Edmiston\") as broker to sell the Lady May Yachts for the benefit of the Debtor's estate. On April 27, 2023, the Court approved the Broker Retention Application [Docket No. 1717], authorizing the retention of Edmiston as sales broker for the Lady May (and the Lady May II).\n\n21. On April 24, 2023, the Trustee filed the *Motion of Chapter 11 Trustee, Pursuant to Bankruptcy Code Section 363(b), for Entry of Order Authorizing (I) Moving Lady May to Navigable Waters of Rhode Island and (II) Entry Into, and Performance Under, Newport Dockage Agreement* [Docket No. 1696] (the \"Motion to Relocate\"). While the Motion to Relocate did not request authorization to transfer the Lady May into the FTZ in Newport, Rhode Island, the Trustee previewed, in that motion, that he would seek such relief in the near future. On April 27, 2023, the Court granted and the Motion to Relocate [Docket No. 1718] (the \"Order to Relocate\"), authorizing, among other things, the Lady May's relocation to the Safe Harbor Shipyard in Newport, Rhode Island. *See* Docket No. 1718.\n\n22. The Order to Relocate also authorized the Trustee's entry into, and performance under, the Commercial Yard and Dockage License and Service Agreement (the \"Newport Dockage Agreement\") with SHM Newport Shipyard, LLC (\"SHM\"). Entry into the Newport Dockage Agreement was necessary in order for the Lady May to have a place to dock while in Newport, Rhode Island. As detailed in the Motion to Relocate, the monthly dockage fee at the\n\nSafe Harbor Shipyard is estimated to be approximately \\$42,000 per month (including electricity). The Lady May was moved to the Safe Harbor Shipyard on May, 2, 2023.\n\n23. The Trustee is informed that the FTZ-related dockage fees at the Safe Harbor Shipyard is an additional \\$2.50 per foot per night, for a total incremental monthly cost of approximately \\$11,400.\n\n# **RELIEF REQUESTED**\n\n24. The Trustee respectfully requests that the Court enter an order authorizing the Trustee to (i) transfer the Lady May into the FTZ in Newport, Rhode Island, including completing relevant forms and submitting relevant documentation in connection with such transfer, (ii) apply for and obtain the FTZ Indemnity Bond in connection with transferring the Lady May into the FTZ, and (iii) pay all related fees, including the fee for the FTZ Indemnity Bond and the incremental FTZ-related dockage fees in the FTZ at the Safe Harbor Shipyard. The Trustee also requests authorization to pay such fees out of the \\$500,000 from the Repair Reserve previously authorized by the Order Granting Motion to Modify to fund yacht-related expenses.\n\n25. To be clear, at this time, the Trustee has completed, but not yet submitted, the application for the FTZ Indemnity Bond (and a copy of that application is attached hereto as **Exhibit C**). Once the Court has granted the relief requested in this Motion, the Trustee will submit the application, pay the related fees in the amount of \\$5,970, and, upon the issuance of the FTZ Indemnity Bond, sign such bond.\n\n### **BASIS FOR RELIEF**\n\n26. The Trustee requests that the Court authorize and approve the Motion pursuant to section 363(b) of the Bankruptcy Code. Section 363(b)(1) of the Bankruptcy Code provides in\n\npertinent part, that \"[t]he trustee, after notice and a hearing, may use, sell or lease, other than in the ordinary course of business, property of the estate.\" Under section 363(b) of the Bankruptcy Code, courts require only that the trustee \"show a sound business purpose justifies such actions.\" *See, e.g.*, *Comm. of Equity Sec. Holders v. Lionel Corp. (In re Lionel Corp.)*, 722 F.2d 1063, 1070 (2d Cir. 1983) (\"The rule we adopt requires that a judge determining a § 363(b) application expressly find from the evidence presented before him at the hearing a good business reason to grant such an application.\"); *Comm. of Asbestos-Related Litigants v. Johns-Manville Corp. (In re Johns-Manville Corp.)*, 60 B.R. 612, 616 (Bankr. S.D.N.Y. 1986) (\"Where the debtor articulates a reasonable basis for its business decisions (as distinct from a decision made arbitrarily or capriciously), courts will generally not entertain objections to the debtor's conduct\").\n\n27. In addition, a 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)). The Trustee is obligated to employ a process for the sale of the Lady May that is the most beneficial to the estate. To that end, the Trustee has determined, in his business judgment, that the Lady May should be moved to the FTZ.\n\n28. Now that the Lady May has been moved to the Safe Harbor Shipyard in Newport, Rhode Island, the Trustee seeks to transfer the Lady May into Newport's foreign-trade zone also at the Safe Harbor Shipyard. Such transfer will provide substantial benefits to the estate. Most importantly, at this time, the Lady May—as a foreign-flagged ship that has not been imported into the United States—cannot be marketed and sold to U.S. residents. Importing the Lady May into the United States, however, would result in substantial duties and related fees. Indeed, based on the listing prices of the Lady May in the Edmiston brokerage agreement (*i.e.*,\n\n\\$26.5 million), such duties would be approximately \\$400,000 (plus related fees). Transferring the Lady May into the FTZ would allow the Trustee to market and sale the Lady May to U.S. residents without having to import the Lady May into the United States and incur such duties and fees.\n\n29. While it would be possible to market and sell the Lady May to *non-*U.S. residents without importing the Lady May (and incurring such duties and fees), marketing the Lady May only to non-U.S. residents would substantially limit the universe of potential buyers. After conferring with Edmiston, the Trustee believes that doing so would not be in the best interest of the estate. Indeed, the Trustee understands that several U.S. residents have already expressed an interest in viewing the Lady May, but, absent transfer into the FTZ, such viewings are not possible at this time.\n\n30. To be clear, transferring the Lady May into the FTZ will have its own costs. In particular, the fees associated with berthing the Lady May in the FTZ at the Safe Harbor Shipyard are an incremental \\$2.50 per foot per night, which translates into a total incremental dockage fee of approximately \\$11,400 per month. In addition, in order to transfer the Lady May into the FTZ, the Trustee is required to obtain an indemnity bond. This is so because once the Lady May enters the FTZ , the FTZ becomes responsible to U.S. Customs for the activities of the Lady May. If the Lady May were to inadvertently end up in violation of FTZ regulations, that would causes a penalty to be issued by U.S. Customs to the FTZ. The FTZ Indemnity Bond would ensure that the Trustee is responsible to compensate the FTZ for any such potential fines.<sup>8</sup> The Trustee is informed that the FTZ Indemnity Bond for the Lady May will cost \\$5,970 (which is a one-time expense).\n\n<sup>8</sup> To be clear, the Trustee has every intention to fully comply with all applicable FTZ regulations.\n\n31. While the foregoing costs are not negligible, they are only a fraction of the substantial duties that would be incurred if the Lady May were imported into the United States in order to be marketed and sold to U.S. residents—and this is still true even if the Lady May had to stay in the FTZ for several months before being sold.\n\n32. Finally, the Trustee submits that he also be authorized to pay the incremental FTZ-related dockage fees and the cost of the FTZ Indemnity Bond out of the \\$500,000 from the Repair Reserve previously authorized by the Order Granting Motion to Modify. As the Court will recall, the \\$500,000 was specifically set aside to fund \"the reasonable and ordinary operating, maintenance, and related expenses (including insurance premiums) for the Lady May.\" Order Granting Motion to Modify ¶ 2. The Trustee submits that the FTZ-related dockage fees and the cost of the FTZ Indemnity Bond fall within the scope of operating, maintenance, and related expenses, but, out of an abundance of caution, requests specific authorization to fund these fees out of the \\$500,000 previously set aside to fund yacht-related expenses.\n\n33. For all these reasons, the Trustee submits that the relief sought in this Motion is in the best interest of the Debtor's estate and should be granted.\n\n#### **NO PRIOR REQUEST**\n\n34. The Trustee has not previously sought the relief requested herein from this or any other court.\n\n#### **CONCLUSION**\n\n35. For all these reasons, the Trustee submits that moving the Lady May to the FTZ is a reasonable exercise of the Trustee's business judgment, and, accordingly, the relief requested in this Motion should be granted.\n\n[*Remainder of page intentionally left 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\nNew Haven, Connecticut\n\nDated: May 4, 2023 LUC A. DESPINS, CHAPTER 11 TRUSTEE\n\nBy: */s/ Patrick R. Linsey*\n\nDouglas S. Skalka (ct00616) Patrick R. Linsey (ct29437) NEUBERT, PEPE & MONTEITH, P.C. 195 Church Street, 13th Floor New Haven, Connecticut 06510 (203) 781-2847 dskalka@npmlaw.com plinsey@npmlaw.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\nAvram E. Luft (admitted *pro hac vice*) G. Alexander Bongartz (admitted *pro hac vice*) PAUL HASTINGS LLP 200 Park Avenue New York, New York 10166 (212) 318-6079 aviluft@paulhastings.com alexbongartz@paulhastings.com\n\n*Counsel for the Chapter 11 Trustee*\n\n# **UNITED STATES BANKRUPTCY COURT DISTRICT OF CONNECTICUT BRIDGEPORT DIVISION**\n\n| ----------------------------------------------------------- | x           |                         |\n|-------------------------------------------------------------|-------------|-------------------------|\n| In re:                                                      | :<br>:      | Chapter 11              |\n| 9<br>HO WAN KWOK,<br>et al.,                                | :<br>:<br>: | Case No. 22-50073 (JAM) |\n| Debtors.                                                    | :<br>:      | (Jointly Administered)  |\n| ----------------------------------------------------------- | x           |                         |\n\n# **CERTIFICATE OF SERVICE**\n\nThe undersigned hereby certifies that on May 4, 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\nDated: May 4, 2023 By: */s/ Patrick R. Linsey*\n\nNew Haven, Connecticut Douglas S. Skalka (ct00616) Patrick R. Linsey (ct29437) NEUBERT, PEPE & MONTEITH, P.C. 195 Church Street, 13th Floor New Haven, Connecticut 06510 (203) 781-2847 dskalka@npmlaw.com plinsey@npmlaw.com\n\n*Counsel for the Chapter 11 Trustee*\n\n<sup>9</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\nCase 22-50073 Doc 1758 Filed 05/04/23 Entered 05/04/23 15:08:32 Page 14 of 22\n\n# **Exhibit A**\n\n**Proposed Order**\n\n# **UNITED STATES BANKRUPTCY COURT DISTRICT OF CONNECTICUT BRIDGEPORT DIVISION**\n\n| ------------------------------------------------------ | 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, PURSUANT TO BANKRUPTCY CODE SECTION 363(b), AUTHORIZING TRUSTEE TO (I) TRANSFR LADY MAY INTO FOREIGN-TRADE ZONE IN NEWPORT, RHODE ISLAND, (II) APPLY FOR AND OBTAIN INDEMNITY BOND RELATED THERETO, AND (III) PAY ALL RELATED FEES**\n\nUpon the motion (the \"Motion\"),2 filed Luc A. 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, pursuant to section 363(b) of the Bankruptcy Code, authorizing the Trustee to (i) transfer the Lady May yacht into the foreign-trade zone (the \"FTZ\") at the Safe Harbor Newport Shipyard (the \"Safe Harbor Shipyard\") in Newport, Rhode Island, (ii) apply for and obtain an indemnity bond (the \"FTZ Indemnity Bond\") in connection with transferring the Lady May into the FTZ, and (iii) pay all related fees, including the fee for the FTZ Indemnity Bond and the incremental dockage fees, all as further detailed in the Motion; 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\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\nto 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 relief 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 Stipulated Order, the Trustee is authorized to transfer the Lady May to the FTZ in Newport, Rhode Island (which, for the avoidance of doubt, is located at the Safe Harbor Shipyard in Newport), including completing relevant forms and submitting relevant documentation in connection with such transfer.\n\n3. The Trustee is authorized to submit the requisite applications, including the application for the FTZ Indemnity Bond, and pay all applicable fees associated with transferring the Lady May into the FTZ in Newport, Rhode Island, including the fee for the FTZ Indemnity Bond and the incremental dockage fees associated with berthing the Lady May in the FTZ at the Safe Harbor Shipyard.\n\n4. The Trustee is authorized to pay all such fees from the \\$500,000 out of the Repair Reserve previously authorized by order of the Court [Docket No. 1608] to fund yacht-related expenses.\n\n5. The Trustee is authorized and empowered to take all actions necessary to effectuate the relief granted in this Order, including signing of the FTZ Indemnity Bond (once issued).\n\n6. The terms and conditions of this Order shall be immediately effective and enforceable upon its entry.\n\n7. 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# **Exhibit B**\n\n**Invoice for FTZ Indemnity Bond**\n\nCase 22-50073 Doc 1758 Filed 05/04/23 Entered 05/04/23 15:08:32 Page 19 of 22\n\n![](_page_18_Picture_1.jpeg)\n\n# **INVOICE WI00000829 Page 1 of 1**\n\nLUC A DESPINS AS CHAPTER 11 TRUSTEE FOR ESTATES OF HO WAN KWOK 200 PARK AVE NEW YORK NY 10166\n\n**INVOICE DATE** 03-May-23 **CUSTOMER ID** LUCADENYC **DUE DATE** 03-May-23 **TERMS** Payment in Advance\n\n**CHARGES**\n\nFTZ Indemnity Bond Charge - LADY MAY 5,970.00\n\n**DESCRIPTION CHARGES IN USD**\n\n#### **TOTAL CHARGES**\n\n| If you are the importer of record, payment to the broker will not relieve you of liability for Customs charges (duties, taxes, or<br>other debts owed Customs) in the event the charges are not paid by the broker. Therefore, if you pay by check, Customs<br>charges may be paid with a separate check payable to 'Customs and Border Protection' which shall be delivered to<br>Customs by the broker. |                | SUBTOTAL                                   |           | 5,970.00                |                           |\n|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------|--------------------------------------------|-----------|-------------------------|---------------------------|\n| THIS ORDER IS SUBJECT TO TERMS AND CONDITIONS AVAILABLE ON REQUEST                                                                                                                                                                                                                                                                                                                                        |                |                                            | TOTAL USD |                         | 5,970.00                  |\n| CUSTOMER ID LUCADENYC                                                                                                                                                                                                                                                                                                                                                                                     | Invoiced       | USD 5,970.00                               |           | BALANCE DUE<br>DUE DATE | USD 5,970.00<br>03-May-23 |\n| Transfer Funds To:                                                                                                                                                                                                                                                                                                                                                                                        |                | Address:                                   |           |                         |                           |\n| ABA 021000021 WIRE                                                                                                                                                                                                                                                                                                                                                                                        | SWIFT CHASUS33 | JP REYNOLDS COMPANY, INC.                  |           |                         |                           |\n| Account 697525027                                                                                                                                                                                                                                                                                                                                                                                         |                | 101 SE 21ST ST<br>FORT LAUDERDALE FL 33316 |           |                         |                           |\n| CHASE BANK NA (ACH ROUTING 267084131)                                                                                                                                                                                                                                                                                                                                                                     |                | UNITED STATES                              |           |                         |                           |\n| FORT LAUDERDALE                                                                                                                                                                                                                                                                                                                                                                                           |                |                                            |           |                         |                           |\n| Ref. LUCADENYC / WI00000829                                                                                                                                                                                                                                                                                                                                                                               |                |                                            |           |                         |                           |\n\n# **Exhibit C**\n\n**Application for FTZ Indemnity Bond**\n\n# **Application and Indemnity Agreement for Misc. Surety Bonds**\n\n![](_page_20_Picture_2.jpeg)\n\n#### **Instructions**\n\n- 1. Complete this entire application truthfully. Knowingly providing false or misleading information, or concealing information for the purpose of misleading, means you are committing a fraudulent insurance act, which may be a crime.\n- 2. Include last annual business financial statements, including notes and accountant's report. If over six (6) months old, also include most current interim financial statements. Interim statements must be signed by a corporate officer attesting to their accuracy.\n- 3. Obtaining a surety bond is similar to obtaining credit. Your application is subject to approval and may be denied. Completing the application does not guarantee your bond will be approved. Submit this application and all required attachments to Roanoke Trade, who will inform you of the decision on your application. If approved, you will be required to pay the first year's premium and applicable fees for your bond before it will be filed with the obligee.\n\n#### **Applicant (Principal) Information** Applicant's complete legal name Luc A Despins, as the Chapter 11 Trustee for the Estate of Ho Wan Kwok Trade name or DBA name (if applicable) Tax ID/Social Security Number/Customs Importer Number N/A DUNS No. N/A Address 200 Park Avenue SCAC Code N/A New York , NY 10166 License No. N/A Phone 212 318 6001 Fax N/A Email lucdespins@paulhastings.com Individual/Sole Proprietorship Partnership LLC Corporation under the laws of Years in business\\* N/A \\* If less than two years, attach summary of business experience of Applicant & its officers/directors/members/partners/owners. Names of prior surety(ies) N/A Has Applicant (including any officer, director, member, partner, or owner thereof) ever filed for bankruptcy Yes No\n\n| or reorganization? If yes, indicate type of filing, date of filing, and current status of filing. Note that, for the |           |  |\n|----------------------------------------------------------------------------------------------------------------------|-----------|--|\n| purposes of this question, \"Applicant\" includes the Principal named herein plus any affiliates and/or                |           |  |\n| predecessor entities. (If Yes, attach explanation.)                                                                  |           |  |\n| Has Applicant ever defaulted under any bond? (If Yes, attach explanation.)                                           | Yes<br>No |  |\n| Are there any pending claims against any bond of Applicant? (If Yes, attach explanation.)                            | Yes<br>No |  |\n\n# **Insurance Survey**\n\nPlease include a copy of the declaration page for all coverages indicated below as carried.\n\n| Insurance Carried                           |           |                                   |           |\n|---------------------------------------------|-----------|-----------------------------------|-----------|\n| Errors & Omissions (Professional Liability) | Yes<br>No | Workers' Compensation             | Yes<br>No |\n| Commercial General Liability                | Yes<br>No | Marine Cargo (Shippers' Interest) | Yes<br>No |\n| Commercial Property                         | Yes<br>No | Cargo Legal Liability             | Yes<br>No |\n| Commercial Auto                             | Yes<br>No | Other Liability (e.g., D&O)       | Yes<br>No |\n| Other:                                      |           | Other:                            |           |\n\n# **Bond Information**\n\nPlease specify bond amounts and type(s) of bonds.\n\n| Amount    | 398,000            | Desired effective date(s)           |  |\n|-----------|--------------------|-------------------------------------|--|\n| Bond Type | FTZ INDEMNITY BOND | Obligee<br>SHM NEWPORT SHIPYARD LLC |  |\n\n#### **Acknowledgement of Applicant**\n\nInitial each item.\n\nX\n\nX\n\n- 1. Applicant agrees this application is subject to approval and that Roanoke Trade will inform Applicant of the decision on your application. Upon approval of this application, Applicant agrees to pay the first year's premium and applicable fees prior to filing the bond(s) with the Obligee(s).\n- 2. Applicant agrees to immediately notify Roanoke Trade of any suit or claim against Applicant that may be recoverable under its bond.\n\n#### **Agreement of Indemnity**\n\nThe undersigned Applicant and Indemnitors hereby request the sureties represented by Roanoke Trade (\"Surety\") to become surety for the above bond(s). The undersigned hereby certify the truth of all statements in the application and attachments and jointly and severally agree:\n\n- 1. to pay the premiums and any applicable fees including continuations and/or renewals;\n- 2. to completely **INDEMNIFY** Surety against any and all liability, loss, costs, damages, fees of attorneys and other expenses which Surety may sustain or incur by reason of, or in consequence of the execution of such bond(s) and any renewal, continuation or successor(s) thereof;\n- 3. to maintain such insurance coverages (including, but not necessarily limited to, errors & omissions) as may be specified by Surety as underwriting qualifications for the above bond(s)\n- 4. that Surety shall have the right to adjust, settle or compromise any claim, demand, suit or judgment upon said bond(s) and its decision in good faith to make any payment shall be final and conclusive as to the fact and extent of the liability of the undersigned;\n- 5. upon demand by Surety, to deposit current funds with Surety in amount sufficient to satisfy any liability, claim asserted, suit or judgment by reason of suretyship; and\n- 6. that if said bond(s) is(are) cancellable, this agreement may be terminated by its third party Indemnitors as to subsequent liability, upon 45 days written notice given to Surety by Certified Mail by such Indemnitors and with written confirmation from Surety stating when such termination will take effect. Such notice to Surety shall be sent to Roanoke Underwriting, Attn: Surety MGU Unit at its corporate offices.\n\n| Dated this                                   | day of                                                | ,<br>2023                                                                                                                                                                                                                             |          |\n|----------------------------------------------|-------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------|\n|                                              | If Applicant(s) is (are) an INDIVIDUAL(S), sign here: |                                                                                                                                                                                                                                       |          |\n|                                              |                                                       | Luc A Despins as chapter 11 trustee for the estate of Ho<br>Wan Kwok                                                                                                                                                                  |          |\n| Witness (sign and print name)                |                                                       | Individually (sign and print name)                                                                                                                                                                                                    |          |\n| Witness (sign and print name)                |                                                       | Individually (sign and print name)                                                                                                                                                                                                    |          |\n| If Applicant is a PROPRIETORSHIP, sign here: |                                                       |                                                                                                                                                                                                                                       |          |\n| Name of Proprietorship                       |                                                       |                                                                                                                                                                                                                                       |          |\n| Witness (sign and print name)                |                                                       | Individually and as Proprietor (sign and print name)                                                                                                                                                                                  |          |\n| If Applicant is a PARTNERSHIP, sign here:    |                                                       |                                                                                                                                                                                                                                       |          |\n| Name of Partnership                          |                                                       |                                                                                                                                                                                                                                       |          |\n| Witness (sign and print name)                |                                                       | Individually and as Partner (sign and print name)                                                                                                                                                                                     |          |\n| Witness (sign and print name)                |                                                       | Individually and as Partner (sign and print name)                                                                                                                                                                                     |          |\n|                                              | If Applicant is a CORPORATION or LLC, sign here:      |                                                                                                                                                                                                                                       |          |\n| Name of Corporation or LLC                   |                                                       |                                                                                                                                                                                                                                       |          |\n| Officer Name and Title (sign and print name) | / Member                                              | Officer Name and Title (sign and print name)                                                                                                                                                                                          | / Member |\n| Signatures of Indemnitors                    |                                                       | In consideration of the execution by Surety of the bond(s) herein applied for, the undersigned, jointly and severally, join in<br>the foregoing Agreement of Indemnity. Each Indemnitor and Witness must sign and print his/her name. |          |\n\n| Witness | Indemnitor |\n|---------|------------|\n| Witness | Indemnitor |\n| Witness | Indemnitor |","body_zh":"美国康涅狄格联邦破产法院\n布里奇波特分庭\n\n-----------------------------------------------------------　x\n\n关于：　:\n:　第11章\n\nHO WAN KWOK（郭文贵），\n等，　:\n:　案号 22-50073 (JAM)\n债务人。　:　（合并管理）\n\nx\n\n第11章受托人根据《破产法典》第363(b)条提出的动议，请求作出命令，授权受托人：(I) 将 Lady May 号游艇转入罗得岛州纽波特的对外贸易区，(II) 申请并取得与此相关的赔偿保证金，以及 (III) 支付所有相关费用\n\nLuc A. Despins（卢克·A·德斯平斯）以获任命管理 Ho Wan Kwok（郭文贵）第11章案件（以下简称“第11章案件”）的第11章受托人（以下简称“受托人”）身份，谨此根据《美国法典》第11编（以下简称“《破产法典》”）第363(b)条提交本动议（以下简称“本动议”），请求作出命令，其形式实质上如随附本动议的附件A所示（以下简称“拟议命令”），授权受托人：(i) 将 Lady May 号游艇转入位于罗得岛州纽波特 Safe Harbor Newport Shipyard（Safe Harbor纽波特船厂，以下简称“Safe Harbor船厂”）的对外贸易区（以下简称“FTZ”）；(ii) 就将 Lady May 号游艇转入FTZ申请并取得赔偿保证金（以下简称“FTZ赔偿保证金”）；以及 (iii) 支付所有相关费用，包括FTZ赔偿保证金费用以及与Lady May号游艇停泊于FTZ相关的增量泊位费用。受托人还请求获授权\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 和 Miles Kwok，以及众多其他别名）（税务识别号码后四位：9595）、Genever Holdings LLC（Genever控股有限责任公司）（税务识别号码后四位：8202）以及 Genever Holdings Corporation（Genever控股公司）。受托人、Genever Holdings LLC 和 Genever Holdings Corporation 的邮寄地址均为 Paul Hastings LLP（保罗·黑斯廷斯律师事务所），200 Park Avenue, New York, NY 10166，c/o Luc A. Despins，作为 Ho Wan Kwok 遗产的受托人（仅为通知和通信之目的）。\n\n从本院于 March 28, 2023 作出的命令 [Docket No. 1608] 先前授权的、用于支付游艇相关费用的维修准备金（以下简称“维修准备金”）中的 \\$500,000 支付该等费用。为支持本动议，受托人谨陈述如下：\n\n初步陈述2\n\n1. 如本院所熟知，受托人拟为债务人遗产之利益出售 Lady May 号游艇（及 Lady May II 号游艇），并且为此目的，已获授权：(a) 聘用 Edmiston and Company Limited（爱德米斯顿公司，以下简称“Edmiston”）作为经纪人，以营销并出售 Lady May 号游艇（及 Lady May II 号游艇）；以及 (b) 将 Lady May 号游艇移至罗得岛州纽波特的 Safe Harbor 船厂。3\n\n2. 受托人现通过本动议请求获授权将 Lady May 号游艇转入纽波特的对外贸易区。4 对外贸易区，如纽波特的对外贸易区，受 U.S. Customs and Border Protection（美国海关和边境保护局，以下简称“美国海关”）监管，且是美国版本的国际上称为自由贸易区的区域。将船舶转入对外贸易区的优势包括，该等船舶：(i) 不受美国关税或消费税约束；(ii) 可免关税和消费税从该区域出口；以及 (iii) 无论是否应缴关税，均可无限期留在该区域内。Safe Harbor 船厂的FTZ是美国境内除佛罗里达州外唯一的同类FTZ。\n\n3. 将 Lady May 号游艇——一艘尚未进口至美国的外国船旗船舶——转入FTZ，将显著提高实现价值最大化出售的可能性，因为该等转移将使 Lady May 号游艇能够向美国居民进行营销和出售，而无需承担为将 Lady May 号游艇进口至美国所需的约 \\$400,0005 的关税（加上相关费用）。虽然如果 Lady May 号游艇仅向非美国居民进行营销和出售，遗产无需承担该等关税，但将 Lady May 号游艇的营销仅限于非美国居民不符合遗产的最佳利益。将潜在美国买家（其构成豪华游艇最大的市场之一）排除在潜在买家范围之外，显然并不审慎。\n\n4. 受托人承认，将 Lady May 号游艇转入FTZ将需要支付一些费用。特别是，在 Safe Harbor 船厂的FTZ内停泊 Lady May 号游艇所产生的费用，略高于 Safe Harbor 船厂目前就将 Lady May 号游艇停泊于FTZ外收取的费用。具体而言，FTZ相关泊位费用反映每英尺每晚增加 \\$2.50，总增量成本约为每月 \\$11,400。此外，受托人预计FTZ赔偿保证金将花费 \\$5,970（为一次性费用）。6 虽然该等费用并非微不足道，但与若为向美国居民营销和出售而将 Lady May 号游艇进口至美国所必须承担的大额关税相比，则相形见绌。\n\n5. 基于所有上述理由，以及如下文进一步详述，受托人认为，本动议所请求的救济符合债务人遗产的最佳利益，且应予准许。\n\n5 受托人了解到，该等关税约为 Lady May 号游艇估计价值的 1.5%。根据Edmiston经纪协议项下的挂牌价格（即 \\$26.5 million），这将转化为约 \\$400,000 的关税（加上相关费用）。\n\n6 FTZ赔偿保证金发票副本随附本动议，作为附件B。与保证人 Roanoke Trade（罗阿诺克贸易公司）共同申请FTZ赔偿保证金的已完成（但未签署）申请书副本随附本动议，作为附件C。受托人将在本院准许本动议所请求的救济后，方提交该申请书并支付FTZ赔偿保证金的相关费用。\n\n审判地、管辖权及法定依据\n\n6. United States Bankruptcy Court for the District of Connecticut（美国康涅狄格联邦破产法院，以下简称“本院”）依据 28 U.S.C. §§ 157 and 1334 以及 United States District Court for the District of Connecticut（美国康涅狄格联邦地区法院）的案件移送常设命令，对本事项具有管辖权。\n\n7. 本案系 28 U.S.C. § 157(b) 所称的核心程序。\n\n8. 根据 28 U.S.C. §§ 1408 and 1409，本地区为适格审判地。\n\n9. 本动议所请求救济的法定依据为《破产法典》第363(b)条。\n\n背景\n\nA. Lady May 号游艇的所有权\n\n10. 于 April 11, 2022，HK International Funds (USA) Limited, LLC（香港国际基金〈美国〉有限责任公司，以下简称“HK USA”）通过针对债务人及 Pacific Alliance Asia Opportunity Fund L.P.（太平洋联盟亚洲机会基金有限合伙企业，以下简称“PAX”）提交起诉状 [Docket No. 1, in Adv. Proc. No. 22- 5003]，提起对抗程序，主张HK USA为 Lady May 号游艇的所有人。\n\n11. 于 April 29, 2022，本院在主第11章案件中作出《命令 HK International Funds Investments (USA) Limited, LLC（香港国际基金投资〈美国〉有限责任公司）运输并交付特定游艇“Lady May”号的约定命令》[Docket No. 299]（以下简称“约定命令”），载明将 Lady May 号游艇返还至康涅狄格州可航行水域的条款和条件。根据约定命令，HK USA将 \\$37,000,000（以下简称“托管资金”）存入 U.S. Bank National Association（美国银行全国协会）的托管账户。Lady May 号游艇于 July 2022 初被返还至康涅狄格州可航行水域。\n\n12. 于 September 23, 2022，受托人提交其答辩及反诉 [Docket No. 36 in Adv. Proc. No. 22-5003]（以下简称“答辩及反诉”）。受托人的第一项反诉请求依据 11 U.S.C. §§ 541 and 542 作出裁定，宣告 Lady May 号游艇为债务人第11章遗产（以下简称“第一项反诉”）的财产，由受托人管理，并命令将 Lady May 号游艇交付给受托人。\n\n13. 于 March 19, 2023，受托人提交其部分简易判决动议 [Docket No. 146 in Adv. Proc. No. 22-5003]（以下简称“部分SJ动议”）及支持材料，请求就第一项反诉作出简易判决。另见 Adv. Proc. No. 22-5003 中的 Docket Nos. 147, 148, and 150。\n\n14. 本院于 March 27, 2023 就部分SJ动议举行听证。在听证结束时，基于记入记录的理由以及本院《支持准许部分简易判决动议的口头裁定之补充裁决备忘录》[Docket No. 177 in Adv. Proc. No. 22-5003] 中进一步阐述的理由，本院作出口头裁定，准许部分SJ动议。同于 March 27, 2023，本院作出准许部分SJ动议的命令 [Docket No. 172 in Adv. Proc. No. 22-5003]（以下简称“部分SJ命令”），其中认定，除其他事项外，Lady May 号游艇属于债务人遗产的财产。7\n\nB. 维修准备金\n\n15. 于 August 11, 2022，HK USA提交其为 Lady May 号游艇设立维修准备金的命令动议 [Docket No. 728]（以下简称“维修准备金动议”），请求设立维修准备金，以支付使 Lady May 号游艇恢复至良好运行状态所必需的某些维修费用。\n\n16. 于 October 7, 2022，经受托人、HK USA、PAX、Official Committee of Unsecured Creditors（无担保债权人官方委员会）以及债权人 Rui Ma（马蕊）和 Zheng Wu（吴征）同意，本院作出准许维修准备金动议并作出若干修改的命令 [Docket No. 920]（以下简称“维修准备金命令”）。\n\n17. 于 March 23, 2023，受托人提交第11章受托人请求作出修改维修准备金命令之命令的紧急动议 [Docket No. 1588]（以下简称“修改动议”），以允许从维修准备金中支付最多 \\$500,000 的 Lady May 号游艇运营、维护及相关费用。\n\n18. 于 March 28, 2023，本院准许修改动议及其中请求的救济 [Docket No. 1608]（以下简称“准许修改动议的命令”），允许从维修准备金中使用最多 \\$500,000 用于 Lady May 号游艇的维护及相关费用。\n\nC. Lady May 号游艇的运营和维护\n\n19. 于 April 5, 2023，为运营和维护 Lady May 号游艇，受托人提交第11章受托人根据《破产法典》第363(b)条提出的动议，请求作出命令，授权受托人订立并履行与 Lady May 号游艇维护和运营相关的若干破产申请后协议 [Docket No. 1637]（以下简称“游艇维护动议”），请求作出命令，授权订立并履行与 Yachtzoo（游艇动物园公司）的管理协议、与 Bridgeport marina（布里奇波特马里纳）的泊位许可协议（以下简称“布里奇波特泊位协议”），以及与 FDS46 Crew Series LLC（FDS46船员系列有限责任公司）的船员提供协议。于 April 12, 2023，本院作出命令，准许游艇维护动议所请求的救济，授权受托人订立并履行管理协议、船员提供协议及布里奇波特泊位协议。见 Docket No. 1662。\n\n20. 2023年4月18日，受托人提交了《受托人根据《破产法典》第327(a)及328条、《破产规则》第2014(a)及2016条以及地方法则第2014-1条提出的申请，请求作出裁定，授权聘用及留任Edmiston and Company Limited（埃德米斯顿有限公司）作为出售Lady May及Lady May II的经纪人》[案卷编号1675]（以下简称“经纪人留任申请”），请求作出裁定，授权留任Edmiston作为出售Lady May Yachts的经纪人，以造福债务人财产。2023年4月27日，本院批准了经纪人留任申请[案卷编号1717]，授权留任Edmiston作为Lady May（及Lady May II）的销售经纪人。\n\n21. 2023年4月24日，受托人提交了《第11章受托人根据《破产法典》第363(b)条提出的动议，请求作出裁定，授权(I)将Lady May移至罗得岛州可航行水域，以及(II)订立并履行纽波特停泊协议》[案卷编号1696]（以下简称“迁移动议”）。虽然迁移动议未请求授权将Lady May转移至罗得岛州纽波特的对外贸易区，但受托人在该动议中预告，其将在不久后寻求该等救济。2023年4月27日，本院批准了迁移动议[案卷编号1718]（以下简称“迁移裁定”），授权包括将Lady May迁至罗得岛州纽波特的Safe Harbor Shipyard（安全港船厂）。见案卷编号1718。\n\n22. 迁移裁定还授权受托人与SHM Newport Shipyard, LLC（SHM纽波特船厂有限责任公司）（以下简称“SHM”）订立并履行《商业船坞及停泊许可和服务协议》（以下简称“纽波特停泊协议”）。为使Lady May在罗得岛州纽波特期间有泊位，订立纽波特停泊协议属必要。如迁移动议所详述，Safe Harbor Shipyard的每月停泊费估计约为$42,000（包括电费）。Lady May于2023年5月2日移至Safe Harbor Shipyard。\n\n23. 据告知，Safe Harbor Shipyard与对外贸易区相关的停泊费为每英尺每晚另加$2.50，每月增量成本合计约为$11,400。\n\n请求的救济\n\n24. 受托人谨请求本院作出裁定，授权受托人：(i)将Lady May转移至罗得岛州纽波特的对外贸易区，包括完成与该等转移有关的相关表格并提交相关文件；(ii)就将Lady May转移至对外贸易区申请并取得对外贸易区赔偿保证金；以及(iii)支付所有相关费用，包括对外贸易区赔偿保证金费用及Safe Harbor Shipyard对外贸易区内与对外贸易区相关的增量停泊费。受托人还请求授权从此前由《准许修改动议的裁定》授权用于支付游艇相关费用的维修储备金中的$500,000支付该等费用。\n\n25. 为明确起见，截至目前，受托人已完成但尚未提交对外贸易区赔偿保证金申请（该申请副本作为附件C附随于此）。一旦本院准许本动议所请求的救济，受托人将提交该申请，支付金额为$5,970的相关费用，并在对外贸易区赔偿保证金签发后签署该保证金。\n\n救济依据\n\n26. 受托人请求本院根据《破产法典》第363(b)条授权并批准本动议。《破产法典》第363(b)(1)条相关部分规定：“受托人在通知并举行听证后，可以在非正常营业过程中使用、出售或出租财产。”根据《破产法典》第363(b)条，法院仅要求受托人“证明正当的商业目的足以支持该等行为。”参见，例如，Comm. of Equity Sec. Holders v. Lionel Corp. (In re Lionel Corp.), 722 F.2d 1063, 1070 (2d Cir. 1983)（“我们采纳的规则要求，审理§ 363(b)申请的法官根据听证会上在其面前提出的证据，明确认定存在准许该申请的正当商业理由。”）；Comm. of Asbestos-Related Litigants v. Johns-Manville Corp. (In re Johns-Manville Corp.), 60 B.R. 612, 616 (Bankr. S.D.N.Y. 1986)（“债务人如阐明其商业决定具有合理依据（而非任意或反复无常作出的决定），法院通常不会受理针对债务人行为的异议。”）。\n\n27. 此外，第11章受托人负有“为最大限度地向债权人进行分配而保护及保全财产的法定义务。”In re Ngan Gung Rest., 254 B.R. 566, 570 (Bankr. S.D.N.Y. 2000)（援引11 U.S.C. § 1106(a)）。受托人有义务采用对财产最有利的Lady May出售程序。为此，受托人依其商业判断认定，应将Lady May移至对外贸易区。\n\n28. 既然Lady May已移至罗得岛州纽波特的Safe Harbor Shipyard，受托人寻求将Lady May转移至同样位于Safe Harbor Shipyard的纽波特对外贸易区。该等转移将为财产带来重大利益。最重要的是，目前，Lady May作为一艘未进口至美国的外国船旗船舶，不能向美国居民营销和出售。然而，将Lady May进口至美国将导致大额关税及相关费用。实际上，根据Edmiston经纪协议中Lady May的挂牌价格（即$26.5 million），该等关税约为$400,000（另加相关费用）。将Lady May转移至对外贸易区，将使受托人能够向美国居民营销和出售Lady May，而无需将Lady May进口至美国并承担该等关税和费用。\n\n29. 虽然可以在不进口Lady May（亦不承担该等关税和费用）的情况下向非美国居民营销和出售Lady May，但仅向非美国居民营销Lady May将大幅限制潜在买家的范围。受托人与Edmiston协商后认为，这样做不符合财产的最佳利益。实际上，据受托人了解，已有数名美国居民表示有兴趣查看Lady May，但如未转移至对外贸易区，目前无法进行该等查看。\n\n30. 为明确起见，将Lady May转移至对外贸易区本身将产生费用。具体而言，在Safe Harbor Shipyard的对外贸易区内停泊Lady May所涉费用为每英尺每晚增量$2.50，折合每月增量停泊费合计约为$11,400。此外，为将Lady May转移至对外贸易区，受托人须取得赔偿保证金。原因在于，一旦Lady May进入对外贸易区，对外贸易区即对美国海关负责Lady May的活动。如Lady May无意中违反对外贸易区规章，美国海关将向对外贸易区处以罚款。对外贸易区赔偿保证金将确保受托人负责赔偿对外贸易区任何该等潜在罚款。8 据告知，Lady May的对外贸易区赔偿保证金费用为$5,970（属一次性费用）。\n\n8 为明确起见，受托人完全有意遵守所有适用的对外贸易区规章。\n\n31. 虽然上述费用并非微不足道，但其仅为如为向美国居民营销和出售Lady May而将Lady May进口至美国所产生的大额关税的一小部分——即使Lady May在出售前必须在对外贸易区停留数月，情况亦然。\n\n32. 最后，受托人主张，其还应获授权从此前由《准许修改动议的裁定》授权的维修储备金中的$500,000支付与对外贸易区相关的增量停泊费及对外贸易区赔偿保证金费用。本院当会记得，$500,000是专门留作支付“Lady May的合理且日常的运营、维护及相关费用（包括保险费）”。《准许修改动议的裁定》第2段。受托人主张，与对外贸易区相关的停泊费及对外贸易区赔偿保证金费用属于运营、维护及相关费用范围，但为慎重起见，请求特别授权从此前留作支付游艇相关费用的$500,000中支付该等费用。\n\n33. 基于上述所有理由，受托人主张，本动议所请求的救济符合债务人财产的最佳利益，应予准许。\n\n此前未提出请求\n\n34. 受托人此前未向本院或任何其他法院请求本文件所请求的救济。\n\n结论\n\n35. 基于上述所有理由，受托人主张，将Lady May移至对外贸易区是对受托人商业判断的合理行使，因此，应准许本动议所请求的救济。\n\n[本页其余部分特意留白。]\n\n因此，受托人谨请求作出拟议裁定，准许本文件所请求的救济，以及本院认为公正和适当的其他及进一步救济。\n\n康涅狄格州纽黑文\n\n日期：May 4, 2023　LUC A. DESPINS（卢克·A·德斯平斯），第11章受托人\n\n签署人：/s/ Patrick R. Linsey\n\nDouglas S. Skalka（道格拉斯·S·斯卡尔卡）(ct00616)　Patrick R. Linsey（帕特里克·R·林赛）(ct29437)　NEUBERT, PEPE & MONTEITH, P.C.（纽伯特、佩佩及蒙泰斯律师事务所）　195 Church Street, 13th Floor　New Haven, Connecticut 06510　(203) 781-2847　dskalka@npmlaw.com　plinsey@npmlaw.com\n\n以及\n\nNicholas A. Bassett（尼古拉斯·A·巴西特）（获准临时出庭）　PAUL HASTINGS LLP（普衡律师事务所）　2050 M Street NW　Washington, D.C., 20036　(202) 551-1902　nicholasbassett@paulhastings.com\n\n以及\n\nAvram E. Luft（阿夫拉姆·E·拉夫特）（获准临时出庭）　G. Alexander Bongartz（G. 亚历山大·邦加茨）（获准临时出庭）　PAUL HASTINGS LLP　200 Park Avenue　New York, New York 10166　(212) 318-6079　aviluft@paulhastings.com　alexbongartz@paulhastings.com\n\n第11章受托人律师\n\nUNITED STATES BANKRUPTCY COURT DISTRICT OF CONNECTICUT BRIDGEPORT DIVISION（美国康涅狄格州联邦破产法院布里奇波特分院）\n\n-----------------------------------------------------------　x\n\n关于：　：\n：　第11章\n\nHO WAN KWOK（郭文贵），\n等，　：\n：\n：　案号：22-50073 (JAM)\n债务人。　：\n：　（合并管理）\n-----------------------------------------------------------　x\n\n送达证明\n\n下列签署人特此证明，2023年5月4日，前述动议及其所有声明、证据和附件已通过电子方式提交。该次提交的通知已通过本院电子提交（“CM/ECF”）系统发送电子邮件给上述第11章案件的所有当事人，或按照电子提交通知所示，通过邮件发送给无法接受电子提交的任何人。当事人可通过本院的CM/ECF系统查阅该次提交。\n\n日期：May 4, 2023　签署人：/s/ Patrick R. Linsey\n\n康涅狄格州纽黑文　Douglas S. Skalka (ct00616)　Patrick R. Linsey (ct29437)　NEUBERT, PEPE & MONTEITH, P.C.　195 Church Street, 13th Floor　New Haven, Connecticut 06510　(203) 781-2847　dskalka@npmlaw.com　plinsey@npmlaw.com\n\n第11章受托人律师\n\n9 本第11章案件中的债务人为Ho Wan Kwok（郭文贵）（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（Genever Holdings有限责任公司）（税务识别号码后四位：8202）及Genever Holdings Corporation（Genever Holdings公司）。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，收件人为Luc A. Despins，作为Ho Wan Kwok财产的受托人（仅用于通知和通信目的）。\n\n案号 22-50073　文件 1758　提交日期 05/04/23　登记日期 05/04/23 15:08:32　第 14 页，共 22 页\n附件 A\n\n拟议命令\nUNITED STATES BANKRUPTCY COURT（美国破产法院）CONNECTICUT DISTRICT（康涅狄格地区）BRIDGEPORT DIVISION（布里奇波特分庭）\n\n------------------------------------------------------　x\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命令：根据《破产法》第 363(b) 条，授权受托人 (I) 将 LADY MAY 转移至罗德岛州纽波特的对外贸易区，(II) 申请并取得与此相关的赔偿保证书，以及 (III) 支付所有相关费用\n\n本院审理了 Luc A. Despins（卢克·A·德斯平斯）以其在 Ho Wan Kwok（郭文贵）第 11 章案件中获任命的第 11 章受托人（以下简称“受托人”）身份提交的动议（以下简称“该动议”）2，请求根据《破产法》第 363(b) 条作出命令，授权受托人：(i) 将 Lady May 游艇转移至位于罗德岛州纽波特 Safe Harbor Newport Shipyard（安全港纽波特船厂，以下简称“安全港船厂”）的对外贸易区（以下简称“FTZ”）；(ii) 就将 Lady May 转移至 FTZ 申请并取得赔偿保证书（以下简称“FTZ 赔偿保证书”）；以及 (iii) 支付所有相关费用，包括 FTZ 赔偿保证书费用和增量泊位费，详情均载于该动议；且本院认定：(a) 本院根据 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)，本事项属于核心程序；(c) 根据\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 和 Miles Kwok，以及众多其他别名）（税务识别号码后四位：9595）、Genever Holdings LLC（吉尼弗控股有限责任公司，税务识别号码后四位：8202）及 Genever Holdings Corporation（吉尼弗控股公司）。受托人、Genever Holdings LLC 及 Genever Holdings Corporation 的邮寄地址为 Paul Hastings LLP（普衡律师事务所），200 Park Avenue, New York, NY 10166，收件人为 Luc A. Despins，作为 Ho Wan Kwok 遗产受托人（仅为通知及通信之目的）。\n\n2 本文中使用但未定义的大写术语具有该动议中赋予其的含义。\n\n28 U.S.C. §§ 1408 and 1409，审判地点适当；以及 (d) 已就该动议发出充分且适当的通知；且无需任何其他或进一步通知，本院已认定该动议所载法律和事实依据确立了授予本文救济的正当理由；且显然，该动议所请求的救济，经本命令条款修改后，符合债务人遗产及债权人的最佳利益；且经本院进行的所有程序并经适当审议，且具有充分理由，特此\n命令如下：\n\n1. 该动议按本文所述予以准许。\n\n2. 尽管《约定命令》中有任何相反规定，受托人获授权将 Lady May 转移至罗德岛州纽波特的 FTZ（为免疑义，该 FTZ 位于纽波特的安全港船厂），包括完成与该转移有关的相关表格并提交相关文件。\n\n3. 受托人获授权提交所需申请，包括 FTZ 赔偿保证书申请，并支付将 Lady May 转移至罗德岛州纽波特 FTZ 所涉的一切适用费用，包括 FTZ 赔偿保证书费用及与 Lady May 停泊于安全港船厂 FTZ 有关的增量泊位费。\n\n4. 受托人获授权从本院先前通过命令 [Docket No. 1608] 批准的维修准备金中 $500,000 用于支付所有该等费用，该款项系为游艇相关开支提供资金。\n\n5. 受托人获授权并被赋予权力采取实现本命令所授救济所必需的一切行动，包括签署 FTZ 赔偿保证书（在其签发后）。\n\n6. 本命令的条款和条件自其登记之日起立即生效并可执行。\n\n7. 本院对因实施、解释及执行本命令所产生或与之相关的一切事项保留专属管辖权。\n附件 B\n\nFTZ 赔偿保证书发票\n\n案号 22-50073　文件 1758　提交日期 05/04/23　登记日期 05/04/23 15:08:32　第 19 页，共 22 页\n发票 WI00000829　第 1 页，共 1 页\n\nLUC A DESPINS，作为 HO WAN KWOK 遗产的第 11 章受托人\n200 PARK AVE\nNEW YORK NY 10166\n\n发票日期 03-May-23　客户编号 LUCADENYC　到期日 03-May-23　付款条件 预付款\n\n收费项目\n\nFTZ 赔偿保证书费用 - LADY MAY　5,970.00\n\n说明　美元收费\n收费总额\n\n如您为登记进口商，若经纪人未支付海关费用（关税、税款或其他欠付海关的债务），向经纪人付款并不免除您对该等海关费用的责任。因此，如您以支票付款，可另行开具一张抬头为“Customs and Border Protection（海关与边境保护局）”的支票以支付海关费用，该支票将由经纪人交付海关。　小计　5,970.00\n\n本订单受可应要求提供的条款和条件约束　总计 USD　5,970.00\n客户编号 LUCADENYC　已开票　USD 5,970.00　应付余额\n到期日　USD 5,970.00\n03-May-23\n汇款至：　地址：\nABA 021000021 WIRE　SWIFT CHASUS33　JP REYNOLDS COMPANY, INC.（JP 雷诺兹公司）\n账户 697525027　101 SE 21ST ST\nFORT LAUDERDALE FL 33316\nCHASE BANK NA（ACH ROUTING 267084131）　UNITED STATES\nFORT LAUDERDALE\n参考号：LUCADENYC / WI00000829\n附件 C\n\nFTZ 赔偿保证书申请表\n杂项保证保险保证书申请及赔偿协议\n说明\n\n- 1. 请如实完整填写本申请表。明知提供虚假或误导性信息，或为误导目的隐瞒信息，意味着您正在实施欺诈性保险行为，该行为可能构成犯罪。\n- 2. 请附上最近年度企业财务报表，包括附注和会计师报告。如该等报表已超过六 (6) 个月，还须附上最新的中期财务报表。中期报表必须由公司高级职员签署，以证明其准确性。\n- 3. 取得保证保险保证书类似于取得信贷。您的申请须经批准，且可能被拒绝。完成申请表并不保证您的保证书将获批准。请将本申请表及所有所需附件提交给 Roanoke Trade（罗阿诺克贸易公司），其将告知您对申请作出的决定。如获批准，您须在保证书向受益人提交前支付第一年保费及适用费用。\n申请人（主债务人）信息　申请人的完整法定名称 Luc A Despins，作为 Ho Wan Kwok 遗产的第 11 章受托人　商号或 DBA 名称（如适用）　税务识别号码/社会保障号码/海关进口商号码 N/A　DUNS 编号 N/A　地址 200 Park Avenue　SCAC 代码 N/A　New York, NY 10166　许可证编号 N/A　电话 212 318 6001　传真 N/A　电子邮箱 lucdespins@paulhastings.com　个人/独资企业　合伙企业　LLC　依照以下法律设立的公司　营业年限* N/A　* 如不足两年，请附上申请人及其高级职员/董事/成员/合伙人/所有者的商业经验摘要。此前保证人名称 N/A　申请人（包括其任何高级职员、董事、成员、合伙人或所有者）是否曾申请破产　是　否\n\n或重组？如是，请注明申请类型、申请日期及申请的当前状态。请注意，就本问题而言，\n\n“申请人”包括本文所列主债务人及任何关联方和/或前身实体。（如是，请附上说明。）\n申请人是否曾在任何保证书项下违约？（如是，请附上说明。）　是\n否\n是否有针对申请人任何保证书的未决索赔？（如是，请附上说明。）　是\n否\n保险调查\n\n请为下列所有已投保的保险附上声明页副本。\n\n已投保保险\n\n错误与遗漏险（职业责任险）　是\n否　工伤赔偿保险　是\n否\n商业综合责任险　是\n否　海运货物险（托运人利益险）　是\n否\n商业财产保险　是\n否　货物法律责任险　是\n否\n商业汽车保险　是\n否　其他责任险（例如，D&O）　是\n否\n其他：　其他：\n保证书信息\n\n请注明保证书金额及保证书类型。\n\n金额　398,000　期望生效日期\n\n保证书类型　FTZ INDEMNITY BOND　受益人\nSHM NEWPORT SHIPYARD LLC（SHM 纽波特船厂有限责任公司）\n申请人确认\n\n请在每一项缩写签名。\n\nX\n\nX\n\n- 1. 申请人同意本申请须经批准，且 Roanoke Trade 将告知申请人对其申请作出的决定。本申请获批准后，申请人同意在向受益人提交保证书前支付第一年保费及适用费用。\n- 2. 申请人同意立即通知 Roanoke Trade 任何可能根据其保证书获得赔付的针对申请人的诉讼或索赔。\n赔偿协议\n\n下列签署的申请人及赔偿义务人特此请求由 Roanoke Trade 代表的保证人（以下简称“保证人”）就上述保证书提供担保。下列签署人特此证明申请表及附件中所有陈述真实，并共同及分别同意：\n\n- 1. 支付保费及任何适用费用，包括展期和/或续期费用；\n- 2. 就保证人因签发该等保证书及其任何续期、展期或继受保证书而承受或发生的任何及一切责任、损失、成本、损害赔偿、律师费及其他开支，对保证人作出完全赔偿；\n- 3. 维持保证人可能指定为上述保证书承保资格条件的保险保障（包括但不必然限于错误与遗漏险）；\n- 4. 保证人有权调整、和解或妥协处理就该等保证书提出的任何索赔、要求、诉讼或判决，且保证人善意作出任何付款的决定，对下列签署人的责任事实及范围均为最终且具有决定性；\n- 5. 应保证人要求，向保证人存入足以清偿因保证关系而产生的任何责任、提出的索赔、诉讼或判决的现款；以及\n- 6. 如该等保证书可取消，则本协议可由其第三方赔偿义务人就后续责任终止，但该等赔偿义务人须以挂号信向保证人发出提前 45 天的书面通知，并取得保证人的书面确认，说明该终止何时生效。向保证人发出的该通知应寄送至 Roanoke Underwriting（罗阿诺克承保部）公司办公室的收件人：Surety MGU Unit（保证保险 MGU 部门）。\n\n签署日期　　年　　月　　日，\n\n如申请人为个人，请在此签署：\nLuc A Despins，作为 Ho Wan Kwok 遗产的第 11 章受托人\n见证人（签名及正楷姓名）　个人（签名及正楷姓名）\n见证人（签名及正楷姓名）　个人（签名及正楷姓名）\n如申请人为独资企业，请在此签署：\n独资企业名称\n见证人（签名及正楷姓名）　个人及独资经营者（签名及正楷姓名）\n如申请人为合伙企业，请在此签署：\n合伙企业名称\n见证人（签名及正楷姓名）　个人及合伙人（签名及正楷姓名）\n见证人（签名及正楷姓名）　个人及合伙人（签名及正楷姓名）\n如申请人为公司或 LLC，请在此签署：\n公司或 LLC 名称\n高级职员姓名及职务（签名及正楷姓名）　/ 成员　高级职员姓名及职务（签名及正楷姓名）　/ 成员\n赔偿义务人签名　鉴于保证人签发本申请所申请的保证书，下列签署人共同及分别加入上述赔偿协议。每名赔偿义务人及见证人均须签名并以正楷书写其姓名。\n\n见证人　赔偿义务人\n\n见证人　赔偿义务人\n见证人　赔偿义务人","key_entities":["Kwok","Ho Wan Kwok","Despins","Guo","Je","Paul Hastings","Miles Guo","CIPA"],"ecf_references":[],"word_count":5998,"status":"published","published_at":"2023-03-28 00:00:00","created_at":"2023-03-28","updated_at":"2026-08-23 20:06:53"}