{"id":"court_ctb_2387_0","court":"CTB","case_no":"22-50073","doc_number":2387,"sub_number":0,"doc_type":"PETITION","filed_date":"2023-11-28","title":"In re Ho Wan Kwok,* **Chapter 11 Case No. 22-50073 (JAM) STATUS CONFERENCE REGARDING FEBRUARY 15, 2024 PROJECT","summary_zh":null,"summary_en":null,"body_en":"# *In re Ho Wan Kwok,* **Chapter 11 Case No. 22-50073 (JAM)**\n\nCase 22-50073 Doc 2387 Filed 11/28/23 Entered 11/28/23 16:42:30 Page 1 of 5\n\n**STATUS CONFERENCE REGARDING FEBRUARY 15, 2024 PROJECT**\n\n**November 28, 2023**\n\n![](_page_0_Picture_3.jpeg)\n\n## \"FEBRUARY 15 PROJECT\"\n\n As the Trustee previously testified, until August 2023, the bulk of the Trustee's asset recovery activities was focused on identified assets such as the Lady May, the Sherry Netherland apartment, and identified accounts such as the HCHK accounts and the U.S. Bank escrow account.\n\nCase 22-50073 Doc 2387 Filed 11/28/23 Entered 11/28/23 16:42:30 Page 2 of 5\n\n- Given the lack of funding to hire a forensic accountant until the sale of the Lady May, the necessary step of conducting a forensic accounting of the hundreds of accounts used by Kwok-related entities did not commence in earnest until Kroll was retained.\n- Nevertheless, the Trustee has commenced laying the foundation for the Trustee to prosecute avoidance actions arising out of the thousands of transfers made, effectively by the Debtor, using numerous Kwok-related entities.\n- As the Court is aware, the two-year section 546(a) statute of limitation to bring avoidance actions under sections 544, 547, and 548 expires on February 15, 2024, thus the reference to the \"February 15 Project.\" Moreover, the section 549 post-petition transfer avoidance limitation period expires 2 years from the date such post-petition transfers were made.\n\n![](_page_1_Picture_5.jpeg)\n\n## \"FEBRUARY 15 PROJECT\"\n\n The Trustee's efforts to lay a foundation for the recovery of such avoidable transfers include seeking and obtaining alter ego rulings with respect to various Kwok-related entities, as shown on the attached diagram.\n\nCase 22-50073 Doc 2387 Filed 11/28/23 Entered 11/28/23 16:42:30 Page 3 of 5\n\n- Thus far, Kroll has identified more than **275** Kwok-related bank accounts, more than **55,000** transactions in and out of these accounts, and over **\\$2.6 billion** transiting through these accounts. These numbers grow every day as Kroll's analysis progresses.\n- Identification of transfers in and out of those accounts is largely completed as to certain, but not all, entities with respect to which adversary proceedings seeking alter ego rulings are already pending. This is the case for Greenwich Land.\n- Normally, the Trustee's focus would shift at this time to other entities with respect to which such alter ego litigation has not yet been commenced, such as the \"G\" entities, Hamilton Fund entities, or Rule of Law Foundation.\n\n### \"FEBRUARY 15 PROJECT\"\n\n However, this effort, particularly in the discovery or trial phase, could overlap with the Government's criminal trial scheduled to commence in April 2024. Given this overlap, it is unlikely that the Government would consent to the Trustee pursuing certain aspects of such actions until after the criminal trial.\n\nCase 22-50073 Doc 2387 Filed 11/28/23 Entered 11/28/23 16:42:30 Page 4 of 5\n\n- Moreover, given these limitations and the obstruction by the Debtor and his affiliates of the Trustee's investigation since its inception, it is very likely that the Trustee will not be in a position to commence all avoidance actions on or before February 15, 2024.\n- Therefore, the Trustee contemplates filing a motion (along with a separate motion seeking approval of certain notice procedures) seeking the equitable tolling of the applicable limitations period.\n\n#### **Pending Shell Company Litigation**\n\nCase 22-50073 Doc 2387 Filed 11/28/23 Entered 11/28/23 16:42:30 Page 5 of 5\n\n![](_page_4_Figure_1.jpeg)","body_zh":"关于 Ho Wan Kwok（郭文贵）案，第 11 章案件编号 22-50073 (JAM)\n\nCase 22-50073 Doc 2387 Filed 11/28/23 Entered 11/28/23 16:42:30 Page 1 of 5\n\n关于2024年2月15日项目的地位会议\n\n2023年11月28日\n“2024年2月15日项目”\n\n正如受托人此前所作证词，截至2023年8月，受托人资产追回工作的大部分重点均集中在已识别的资产上，例如 Lady May（梅号游艇）、Sherry Netherland（雪莉·荷兰）公寓，以及已识别的账户，例如 HCHK 账户和 U.S. Bank（美国银行）托管账户。\n\nCase 22-50073 Doc 2387 Filed 11/28/23 Entered 11/28/23 16:42:30 Page 2 of 5\n\n- 鉴于在 Lady May 出售之前缺乏聘请法务会计师的资金，对郭氏关联实体所使用的数百个账户进行法务会计审计这一必要步骤，直到聘请 Kroll（高伟绅/科roll）之后才真正开始。\n- 尽管如此，受托人已开始着手奠定基础，以便就债务人实质上利用众多郭氏关联实体所进行的数千笔转账提起撤销权诉讼。\n- 正如法院所知，根据第 544、547 和 548 条提起撤销权诉讼的第 546(a) 条规定的两年诉讼时效将于 2024年2月15日 届满，因此被称为“2月15日项目”。此外，第 549 条关于申请破产后转账的撤销时效期为此类申请后转账发生之日起 2 年届满。\n“2024年2月15日项目”\n\n受托人为此类可撤销转账的追回奠定基础的工作包括针对各郭氏关联实体寻求并获得另我（alter ego）裁定，如附图所示。\n\nCase 22-50073 Doc 2387 Filed 11/28/23 Entered 11/28/23 16:42:30 Page 3 of 5\n\n- 截至目前，Kroll 已识别出 275 个以上郭氏关联银行账户、进出这些账户的 55,000 多笔交易，以及流经这些账户的超过 $2.6 billion（26亿美元）资金。随着 Kroll 分析工作的推进，这些数字每天都在增加。\n- 对于那些寻求另我裁定的对抗性程序已在审理中的某些（但非全部）实体而言，进出这些账户的转账识别工作已基本完成。Greenwich Land（格林威治土地公司）即属于这种情况。\n- 通常情况下，受托人此时的重点会转向尚未启动此类另我诉讼的其他实体，例如“G”系列实体、Hamilton Fund（汉密尔顿基金）实体或 Rule of Law Foundation（法治基金会）。\n“2024年2月15日项目”\n\n然而，这项工作（尤其是在证据开示或审判阶段）可能会与政府定于 2024年4月 开始的刑事审判发生重叠。鉴于这种重叠，政府不太可能同意受托人在刑事审判结束之前推进此类诉讼的某些方面。\n\nCase 22-50073 Doc 2387 Filed 11/28/23 Entered 11/28/23 16:42:30 Page 4 of 5\n\n- 此外，鉴于这些限制以及债务人及其关联方自受托人调查启动以来所进行的阻挠，受托人极有可能无法在 2024年2月15日 当天或之前启动所有撤销权诉讼。\n- 因此，受托人拟提出动议（连同另一份寻求批准某些通知程序的单独动议），以寻求适用时效期间的衡平法中止。\n待决空壳公司诉讼\n\nCase 22-50073 Doc 2387 Filed 11/28/23 Entered 11/28/23 16:42:30 Page 5 of 5","key_entities":["Kwok","Je","Ho Wan Kwok","HCHK"],"ecf_references":[],"word_count":555,"status":"published","published_at":"2023-11-28 00:00:00","created_at":"2023-11-28","updated_at":"2026-08-23 12:21:32"}