{"id":"court_ctb_1913_0","court":"CTB","case_no":"22-50073","doc_number":1913,"sub_number":0,"doc_type":"ORDER","filed_date":null,"title":"UNITED STATES BANKRUPTCY COURT DISTRICT OF CONNECTICUT BRIDGEPORT DIVISION | -------------------------------------------","summary_zh":null,"summary_en":null,"body_en":"# **UNITED STATES BANKRUPTCY COURT DISTRICT OF CONNECTICUT BRIDGEPORT DIVISION**\n\n| ------------------------------------------------------<br>x |                                        |  |  |\n|-------------------------------------------------------------|----------------------------------------|--|--|\n| In re:                                                      | :<br>:<br>Chapter 11                   |  |  |\n| HO WAN KWOK, et al.,1                                       | :<br>:<br>Case No. 22-50073 (JAM)<br>: |  |  |\n| Debtors.                                                    | :<br>(Jointly Administered)<br>:       |  |  |\n| ------------------------------------------------------x     |                                        |  |  |\n\n# **SUPPLEMENT TO TRUSTEE'S MOTION, PURSUANT TO BANKRUPTCY CODE SECTIONS 105 AND 363, BANKRUPTCY RULES 2002, 6004(c), AND 9014, AND LOCAL RULES 6004-1 AND 6004-2, SEEKING ENTRY OF ORDER: (I) AUTHORIZING AND APPROVING SALE OF THE LADY MAY FREE AND CLEAR OF LIENS, CLAIMS, INTERESTS, AND ENCUMBRANCES, (II) AUTHORIZING AND APPROVING PURCHASE AND SALE AGREEMENT, AND (III) GRANTING RELATED RELIEF REGARDING REDUCTION IN PURCHASE PRICE**\n\nLuc A. Despins, in his capacity as the chapter 11 trustee (the \"Trustee\") appointed in the\n\nchapter 11 case of Ho Wan Kwok (the \"Debtor\"), by and through his undersigned counsel,\n\nhereby files this supplement (the \"Supplement\") to the *Trustee's Motion, Pursuant to Bankruptcy*\n\n*Code Sections 105 and 363, Bankruptcy Rules 2002, 6004(c), and 9014, and Local Rules 6004-1*\n\n*and 6004-2, Seeking Entry of Order: (I) Authorizing and Approving Sale of the Lady May Free*\n\n*and Clear of Liens, Claims, Interests, and Encumbrances, (II) Authorizing and Approving*\n\n*Purchase and Sale Agreement, and (III) Granting Related Relief* (the \"Sale Motion\")2 [Docket\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\n<sup>2</sup> Capitalized terms used but not defined herein shall having the meanings set forth in the Sale Motion.\n\nNo. 1858] regarding a reduction in the Purchase Price for the Lady May. In support of this Supplement, the Trustee respectfully states as follows:\n\n#### **SUPPLEMENT**\n\n1. As described in the Sale Motion, prior to the date for the Buyer to accept or reject the Lady May (*i.e.*, June 20, 2023), the Buyer may conduct a survey of the Lady May, and, in the event that such survey uncovers defects that \"affect the operational integrity of the Lady May or her machinery or her systems or renders the Lady May unseaworthy,\" the Buyer may reject the Lady May. PSA § 3. The Sale Motion further noted that the Trustee would update the Court and parties in interest regarding the results of such survey, including whether the Buyer chose to reject the Lady May or whether the parties were able to agree to a modification of the Purchase Price to address any such defects.\n\n2. The survey conducted by the Buyer has revealed certain defects, which, in the opinion of the Buyer, arguably affect the operational integrity of the Lady May or her machinery or her systems. If the Buyer were to reject the Lady May in accordance with the terms of the PSA, the PSA would terminate and the Trustee would have to return the Deposit to the Buyer. To avoid that outcome, the Trustee has engaged in negotiations with the Buyer regarding an adjustment to the Purchase Price. These negotiations resulted in an agreed-upon reduction of the Purchase Price by \\$850,000, *i.e.*, from \\$24,000,000 to \\$23,150,000. This reduction has been documented in a second addendum to the PSA, a copy of which is attached hereto as **Exhibit A**.\n\n3. At the hearing on the Sale Motion, the Trustee will further explain the circumstances that resulted in the agreed-upon Purchase Price reduction and will provide evidence supporting the reasonableness of such reduction in light of the issues uncovered during the survey.\n\n2\n\n#### **NOTICE**\n\n4. This Supplement is being served upon (i) the Office of the United States Trustee for the District of Connecticut, (ii) the Buyer, (iii) counsel for the Debtor, (iv) the Committee, (v) all entities and individuals, if any, known to have expressed to Edmiston an interest in purchasing the Lady May, and (vi) all parties who have requested notice in the Debtor's case pursuant to Bankruptcy Rule 2002.\n\n[*Remainder of page intentionally left blank.*]\n\nWHEREFORE, the Trustee respectfully requests the Sale Motion be granted, as modified by this Supplement and the Second Addendum.\n\nDated: June 19, 2023\n\n#### By: */s/ G. Alexander Bongartz*\n\n 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) 318-6079 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\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*Counsel for the Chapter 11 Trustee*\n\n# **UNITED STATES BANKRUPTCY COURT DISTRICT OF CONNECTICUT BRIDGEPORT DIVISION**\n\n| ------------------------------------------------------<br>x |                                        |  |  |\n|-------------------------------------------------------------|----------------------------------------|--|--|\n| In re:                                                      | :<br>:<br>Chapter 11                   |  |  |\n| HO WAN KWOK, et al.,1                                       | :<br>:<br>Case No. 22-50073 (JAM)<br>: |  |  |\n| Debtors.                                                    | :<br>(Jointly Administered)<br>:       |  |  |\n| ------------------------------------------------------x     |                                        |  |  |\n\n### **CERTIFICATE OF SERVICE**\n\nThe undersigned hereby certifies that on June 19, 2023, the foregoing Supplement 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. In addition, the Supplement was sent by e-mail on all entities and individuals known to have expressed to Edmiston an interest in purchasing the Lady May. Parties may access this filing through the Court's CM/ECF system.\n\nDated: June 19, 2023 By: */s/ G. Alexander Bongartz*\n\n New York, New York G. Alexander Bongartz (admitted *pro hac vice*) PAUL HASTINGS LLP 200 Park Avenue New York, New York 10166 (212) 318-6079 alexbongartz@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 the Genever Holdings Corporation is Paul Hastings LLP, 200 Park Avenue, New York, NY 10166 c/o Luc A. Despins, as Trustee for the Estate of Ho Wan Kwok (solely for purposes of notices and communications).\n\n# **Exhibit A**\n\n**Second Addendum to PSA**\n\n-\n-\n-","body_zh":"UNITED STATES BANKRUPTCY COURT DISTRICT OF CONNECTICUT BRIDGEPORT DIVISION（美国康涅狄格区联邦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）等人，1\n案号 22-50073 (JAM)\n债务人。\n（合并审理）\n\n依据《破产法典》第 105 条和第 363 条、《破产规则》第 2002 条、第 6004(c) 条和第 9014 条以及《地方法规》第 6004-1 条和第 6004-2 条，关于请求作出如下裁定的受托人动议的补充文件：(I) 授权并批准在免除任何留置权、权利主张、权益及权利负担的情况下出售“LADY MAY”（梅号）游艇，(II) 授权并批准《买卖协议》，以及 (III) 就减少购买价格准予相关救济\n\nLuc A. Despins（卢克·A·德斯平斯）作为在 Ho Wan Kwok（债务人）第 11 章破产案件中指定的第 11 章受托人（“受托人”），由其下述签署律师代表，特此就受托人依据《破产法典》第 105 条和第 363 条、《破产规则》第 2002 条、第 6004(c) 条和第 9014 条以及《地方法规》第 6004-1 条和第 6004-2 条提出的、请求作出如下裁定的动议提交本补充文件（“补充文件”）：(I) 授权并批准在免除任何留置权、权利主张、权益及权利负担的情况下出售“梅号”游艇，(II) 授权并批准《买卖协议》，以及 (III) 准予相关救济（“出售动议”）2 [诉讼记录第 1858 号]，内容涉及减少“梅号”游艇的购买价格。为支持本补充文件，受托人谨陈述如下：\n\n1 本第 11 章破产案件中的债务人为 Ho Wan Kwok（亦称为 Guo Wengui、Miles Guo 和 Miles Kwok，以及若干其他化名）（纳税人识别号后四位：9595）、Genever Holdings LLC（纳税人识别号后四位：8202）和 Genever Holdings Corporation。受托人、Genever Holdings LLC 和 Genever Holdings Corporation 的邮寄地址为：Paul Hastings LLP, 200 Park Avenue, New York, NY 10166 c/o Luc A. Despins, as Trustee for the Estate of Ho Wan Kwok（仅用于接收通知和通讯目的）。\n\n2 本文件中使用但未作定义的首字母大写术语应具有出售动议中所规定的含义。\n\n补充内容\n\n1. 如出售动议所述，在买方接受或拒绝“梅号”游艇的日期（即 2023年6月20日）之前，买方可对“梅号”游艇进行检验，并且在此类检验发现存在“影响‘梅号’游艇或其机械或其系统的运行完整性，或导致‘梅号’游艇不适航”的缺陷的情况下，买方可拒绝接受“梅号”游艇。PSA § 3。出售动议进一步指出，受托人将向法院和利害关系方通报此类检验的结果，包括买方是否选择拒绝接受“梅号”游艇，或者各方是否能够就修改购买价格以解决任何此类缺陷达成一致。\n\n2. 买方进行的检验揭示了若干缺陷，买方认为这些缺陷可以说影响了“梅号”游艇或其机械或其系统的运行完整性。如果买方根据 PSA 的条款拒绝接受“梅号”游艇，PSA 将终止，受托人将必须向买方退还定金。为了避免该结果，受托人已与买方就调整购买价格展开谈判。这些谈判达成了将购买价格减少 $850,000 的一致意见，即从 $24,000,000 降至 $23,150,000。该减价已记录在 PSA 的第二份补充协议中，其副本作为附件 A 附于本文件之后。\n\n3. 在出售动议的听证会上，受托人将进一步解释导致达成上述购买价格减价协议的情况，并将根据检验期间发现的问题提供支持该减价合理性的证据。\n\n送达通知\n\n4. 本补充文件正送达给：(i) United States Trustee（联邦受托人办公室）康涅狄格区办公室，(ii) 买方，(iii) 债务人律师，(iv) 委员会，(v) 据知曾向 Edmiston（埃德米斯顿公司）表达过购买“梅号”游艇意向的所有实体和个人（如有），以及 (vi) 依据《破产规则》第 2002 条在债务人案件中请求接收通知的所有当事方。\n\n[本页其余部分故意留白。]\n\n据此，受托人谨请求准予经本补充文件和第二份补充协议修改后的出售动议。\n\n日期：2023年6月19日\n签署：/s/ G. Alexander Bongartz\n\nG. Alexander Bongartz（特许出庭）\nDouglass Barron（特许出庭）\nPAUL HASTINGS LLP（普衡律师事务所）\n200 Park Avenue\nNew York, New York 10166\n(212) 318-6079\nalexbongartz@paulhastings.com\ndouglassbarron@paulhastings.com\n\n以及\n\nNicholas A. Bassett（特许出庭）\nPAUL HASTINGS LLP\n2050 M Street NW\nWashington, D.C., 20036\n(202) 551-1902\nnicholasbassett@paulhastings.com\n\n以及\n\nDouglas S. Skalka (ct00616)\nPatrick R. Linsey (ct29437)\nNEUBERT, PEPE & MONTEITH, P.C.\n195 Church Street, 13th Floor\nNew Haven, Connecticut 06510\n(203) 781-2847\ndskalka@npmlaw.com\nplinsey@npmlaw.com\n\n第 11 章受托人律师\n\nUNITED STATES BANKRUPTCY COURT DISTRICT OF CONNECTICUT BRIDGEPORT DIVISION\n\nx\n\n关于：\n第 11 章\nHO WAN KWOK 等人，1\n案号 22-50073 (JAM)\n债务人。\n（合并审理）\n\n送达证书\n\n下述签署人特此证明，于 2023年6月19日，上述补充文件已通过电子方式归档。此归档通知已通过法院的电子归档（“CM/ECF”）系统的运行向上述标题项下的第 11 章案件的所有当事方发送电子邮件，或按电子归档通知上的指示向无法接受电子归档的任何人通过邮寄方式送达。此外，该补充文件已通过电子邮件发送给据知曾向 Edmiston 表达过购买“梅号”游艇意向的所有实体和个人。各方可通过法院的 CM/ECF 系统查阅本归档文件。\n\n日期：2023年6月19日\n签署：/s/ G. Alexander Bongartz\n\nNew York, New York\nG. Alexander Bongartz（特许出庭）\nPAUL HASTINGS LLP\n200 Park Avenue\nNew York, New York 10166\n(212) 318-6079\nalexbongartz@paulhastings.com\n\n第 11 章受托人律师\n\n1 本第 11 章破产案件中的债务人为 Ho Wan Kwok（亦称为 Guo Wengui、Miles Guo 和 Miles Kwok，以及若干其他化名）（纳税人识别号后四位：9595）、Genever Holdings LLC（纳税人识别号后四位：8202）和 Genever Holdings Corporation。受托人、Genever Holdings LLC 和 Genever Holdings Corporation 的邮寄地址为：Paul Hastings LLP, 200 Park Avenue, New York, NY 10166 c/o Luc A. Despins, as Trustee for the Estate of Ho Wan Kwok（仅用于接收通知和通讯目的）。\n\n附件 A\n\nPSA 第二份补充协议","key_entities":["Kwok","Ho Wan Kwok","Paul Hastings","Guo","Je","Despins","Miles Guo"],"ecf_references":[],"word_count":1141,"status":"published","published_at":null,"created_at":null,"updated_at":"2026-08-23 12:47:56"}