{"id":"court_ctb_3265_0","court":"CTB","case_no":"22-50073","doc_number":3265,"sub_number":0,"doc_type":"ORDER","filed_date":"2024-05-21","title":"UNITED STATES BANKRUPTCY COURT DISTRICT OF CONNECTICUT BRIDGEPORT DIVISION · ---------------------x","summary_zh":"批准清算 VCTR 股票的修正裁定 —— Ho Wan Kwok 破产案（郭文贵 / Guo Wengui / Miles Guo），CTB 22-50073 ECF #3265（2024-05-21立案）。Julie A. Manning 法官签发修正裁定，批准第 11 章受托人修改此前裁定（ECF #3244）的动议，授权 Reverence Fund 指示美林证券在公开市场变现 VCTR 股票并将净收益转交受托人，美林扣除的费用上限为 3,000.00 美元。","summary_en":"Amended order approving liquidation of VCTR shares —— In re Ho Wan Kwok (Miles Guo / Guo Wengui), CTB 22-50073 ECF #3265 (filed 2024-05-21). Judge Julie A. Manning entered an amended order granting the Chapter 11 Trustee's motion to amend a prior order (ECF #3244), authorizing the Reverence Fund to direct Merrill Lynch to liquidate VCTR shares, capping Merrill Lynch's deductible expenses at $3,000.00, and ordering net proceeds remitted to the Trustee.","body_en":"## **UNITED STATES BANKRUPTCY COURT DISTRICT OF CONNECTICUT BRIDGEPORT DIVISION**\n\n---------------------------- <sup>x</sup>\n\n· ---------------------x\n\nChapter 11\n\nIn re:\n\nHO WAN KWOK, *et al.*<sup>1</sup>\n\nCase No. 22-50073 (JAM)\n\nECF Nos. 3244 and 3255\n\nDebtor.\n\n(Jointly Administered)\n\n## **AMENDED ORDER PURSUANT TO SECTIONS 105(a), 363(b), 541, AND 542 OF THE BANKRUPTCY CODE APPROVING LIQUIDATION OF VCTR SHARES, DISTRIBUTION OF PROCEEDS, AND RELATED RELIEF (AMENDING ECF NO. 3244)**\n\nUpon the *Motion* of Luc A. Despins, as chapter 11 trustee (the \"Trustee\") for the estate of\n\nHo Wan Kwok (the \"Debtor\"), *to Amend Prior Order of This Court (ECF No. 3244) Approving*\n\n*Liquidation of VCTR Shares, Distribution of Proceeds, and Related Relief to Include Two*\n\n*Ordinal Paragraphs Mistakenly Omitted from the Proposed Order Submitted For Court*\n\n*Consideration on June 11, 2024 and Endorsed By The Court On June 12, 2024* (the \"Motion to\n\nAmend\") to reconsider and amend the June 12, 2024 order of this Court (ECF No. 3244) granting\n\nTrustee's *Motion* (ECF No. 3203, dated May 21, 2024) *Pursuant to Sections 105(a), 363(b), 541,*\n\n*and 542 of the Bankruptcy Code<sup>2</sup> Approving the Liquidation of the VCTR Shares and the*\n\n*Distribution of their Proceeds to the Trustee forthe Benefit of the Estate, and for Related Relief (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 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> All capitalized terms not expressly defined herein shall adopt the definitions set forth in the Original Motion and the Motion to Amend.\n\n\"Original Motion\"), due and sufficient notice having been given, and good cause appearing for the relief sought by the Motion to Amend, it is hereby\n\n**ORDERED,** that the Motion to Amend is granted as set forth herein; and it is further\n\n**ORDERED,** that within two business days of receiving a written notice to seII the VCTR Shares from the Trustee (which notice may direct disposition by market order or limit order), the Reverence Fund shall direct Merrill Lynch to liquidate the VCTR Shares in accordance with Trustee's express instructions and Merrill Lynch's ordinary course of business for such transactions (including, where required, the Reverence Fund's verbal confirmation of such order) and distribute the proceeds to the Trustee pursuant to the terms of this Order; and it is further\n\n**ORDERED,** that within five business days of receiving direction to sell the VCTR Shares from the Reverence Fund, Merrill Lynch shall liquidate the VCTR Shares on the stock market as directed by the Reverence Fund; and it is further\n\n**ORDERED,** that Merrill Lynch may deduct its Expenses from Gross Proceeds of the liquidation, which Expenses shall be capped at three thousand dollars (\\$3,000.00) and shall not include Merrill Lynch's attorney's fees; and it is further\n\n**ORDERED,** that within seven business days of receiving direction to sell the VCTR Shares from the Reverence Fund, Merrill Lynch shall distribute the Net Proceeds to the Trustee; and it is further\n\n**ORDERED,** that the L.P. Interest is property of the Estate and, given the nature of the L.P Interest and the circumstances under which it is held, as described in the Motion including 6 and 37-39 thereof, the Trustee is hereby authorized to hold the L.P. Interest for the benefit of the Estate pending further order of the Court; and is further\n\n**ORDERED,** that the Reverence Fund and the Trustee will negotiate and discuss in good faith the steps required, if any, to memorialize the Trustee's ownership of the L.P. Interest; and is further\n\n**ORDERED,** that any Distributions on account of the L.P. Interest whether presently payable or at such time as they may become payable in the future shall be made to the Trustee or otherwise distributed at the direction of the Trustee; and it is further\n\n**ORDERED,** that effective as of the date of entry of this Order, that the Reverence Fund and each of its respective affiliates and subsidiaries shall be absolutely, unconditionally and irrevocably released and forever discharged and acquitted from any and all obligations, claims, counterclaims, defenses, offsets, demands, debts, accounts, contracts, liabilities, responsibilities, disputes, remedies, indebtedness, obligations, rights, assertions, allegations, actions, suits, controversies, proceedings, losses, damages, injuries, attorney's fees, costs, expenses, judgments of every type, and causes of action arising from, or related to, the distribution and liquidation of the VCTR shares pursuant to the terms of this Order; any steps taken to memorialize the Trustee's ownership of the L.P. Interest as agreed with the Trustee or as approved by the Court; and/or from any future Distributions made pursuant to the terms of this Order to or at the direction of the Trustee on account of the L.P. Interests; and it is further\n\n**ORDERED,** that the Trustee and the Reverence Fund reserve their respective rights in connection with the Reverence Action, including arguments by Reverence Fund that by receiving the L.P. Interest and Distributions associated with the L.P. Interest, the Trustee may not also recover the value of the initial transfers that created the L.P. Interest; and it is further\n\n**ORDERED,** that any and all rights and remedies at law or in equity that the Trustee and Lamp Capital LLC, respectively, may have in connection with the adversary proceeding\n\n3\n\ndenominated *Luc A. Despins, Trustee v. Lamp Capital LLC, et al.,* U.S. Bankruptcy Court for the District ofCom1ecticut, Adv. Pro. 23-05023, and any post-judgment or appellate proceedings relating thereto, are expressly reserved, and it is further\n\n**ORDERED,** that within five (5) business days of receipt of the Net Proceeds, the Trustee shall file a report in the Chapter 11 Case disclosing (i) the date on which the VCTR Shares were sold, (ii) the sale price of the VCTR Shares, (iii) the amount of the Gross Proceeds, (iv) the amount of the Expenses deducted, and (v) the amount of the Net Proceeds received by the Trustee; and it is further\n\n**ORDERED,** that the Trustee is authorized to take all actions necessary or appropriate to effectuate this Order; and it is further\n\n**ORDERED,** that within five business days of the entry of this Order, the Trustee shall provide Merrill Lynch with a completed W-9 form, a copy of a government-issued identification card, wire instructions, and any other documentation that Merrill Lynch reasonably requests in order to cause payment of the Net Proceeds to the Trustee; and it is further\n\n**ORDERED,** that Merrill Lynch is not and shall not be deemed to be responsible for any taxes or tax consequences associated with or caused by the liquidation and/or sale and/or transfer and/or distribution of the VCTR Shares or the Net Proceeds, as applicable; and it is further\n\n**ORDERED,** that Merrill Lynch shall not have liability for actions taken in compliance with this order; and it is further\n\n**ORDERED,** that this Order shall be immediately enforceable upon entry pursuant to Bankruptcy Rule 6004(h); and it is further\n\n4\n\n**ORDERED,** that the Court shall retain jurisdiction with respect to all matters arising\n\nfrom or related to the implementation, interpretation, and enforcement of this Order.\n\nDated at Bridgeport, Connecticut this 20th day of June, 2024.\n\n*Juli* **'L'Mr** *IN1.ning\\_ '/J11ite,{ S ptcy Judge 'lJistr t {cut*","body_zh":"美国破产法院 康涅狄格区 布里奇波特分院\n\n---------------------------- x\n\n· ---------------------x\n\n第 11 章\n\n案件：\n\nHo Wan Kwok（郭文贵）等1\n\n案号：22-50073 (JAM)\n\nECF 编号：3244 及 3255\n\n债务人。\n\n（合并审理）\n\n根据《美国破产法典》第 105(a)、363(b)、541 及 542 条批准清算 VCTR 股份、分配收益及相关救济的修改后裁定（修改 ECF 编号 3244）\n\n鉴于 Ho Wan Kwok（债务人）破产财产的第 11 章受托人 Luc A. Despins（下称“受托人”）提出《关于修改本法院先前批准清算 VCTR 股份、分配收益及相关救济之裁定（ECF 编号 3244）以纳入 2024 年 6 月 11 日提交法院审议并于 2024 年 6 月 12 日获法院批注的拟定裁定中所错误遗漏的两个序数段落的动议》（下称“修改动议”），请求重新审议并修改本法院于 2024 年 6 月 12 日作出的裁定（ECF 编号 3244），该裁定准许了受托人根据《美国破产法典》2第 105(a)、363(b)、541 及 542 条提出的《关于批准清算 VCTR 股份并将其收益分配给受托人以使破产财产受益及相关救济的动议》（日期为 2024 年 5 月 21 日的 ECF 编号 3203，下称“原动议”）；鉴于已作出充分且适当的送达通知，且修改动议所寻求的救济具备正当理由，特此\n\n1 这些第 11 章案件中的债务人为 Ho Wan Kwok（亦称郭文贵、Miles Guo、Miles Kwok 以及诸多其他化名）（纳税人识别号后四位：9595）、Genever Holdings LLC（纳税人识别号后四位：8202）以及 Genever Holdings Corporation。受托人、Genever Holdings LLC 以及 Genever Holdings Corporation 的邮寄地址为：Paul Hastings LLP, 200 Park Avenue, New York, NY 10166 转交 Ho Wan Kwok 破产财产受托人 Luc A. Despins（仅用于接收通知和联络之目的）。\n\n2 本文中未明确定义的所有首字母大写术语均采用原动议和修改动议中所载之定义。\n\n裁定如下：按本裁定所载准许修改动议；并进一步\n\n裁定：在收到受托人发出的出售 VCTR 股份的书面通知（该通知可指示按市价单或限价单进行处置）后两个工作日内，Reverence Fund 应指示 Merrill Lynch（美林证券）按照受托人的明确指示以及美林证券就此类交易的通常业务流程（包括在必要时由 Reverence Fund 对该等订单进行口头确认）清算 VCTR 股份，并根据本裁定的条款将收益分配给受托人；并进一步\n\n裁定：在收到 Reverence Fund 发出的出售 VCTR 股份的指示后五个工作日内，美林证券应按照 Reverence Fund 的指示在股票市场上清算 VCTR 股份；并进一步\n\n裁定：美林证券可从清算所得毛收益中扣除其费用，该等费用上限为三千美元（$3,000.00），且不得包括美林证券的律师费；并进一步\n\n裁定：在收到 Reverence Fund 发出的出售 VCTR 股份指示后七个工作日内，美林证券应将净收益分配给受托人；并进一步\n\n裁定：有限合伙权益（L.P. Interest）属于破产财产，且鉴于该有限合伙权益的性质及其被持有的情况（如动议第 6 段及第 37-39 段所述），特此授权受托人为了破产财产的利益持有该有限合伙权益，直至法院另有裁定；并进一步\n\n裁定：Reverence Fund 与受托人应真诚地进行协商和讨论，以确定落实受托人对该有限合伙权益之所有权所需的步骤（如有）；并进一步\n\n裁定：就该有限合伙权益所作出的任何分配款，无论是目前应付的还是未来可能应付的，均应支付给受托人，或按照受托人的指示进行分配；并进一步\n\n裁定：自本裁定登入之日起生效，Reverence Fund 及其各自的关联方和子公司应完全、无条件且不可撤销地免除、永久免除并免予承担任何及所有义务、权利主张、反诉、抗辩、抵销、要求、债务、账目、合同、法律责任、责任、争议、救济、负债、义务、权利、主张、指控、诉讼、起诉、争议、程序、损失、损害、伤害、律师费、费用、支出、各类判决书，以及因根据本裁定条款分配和清算 VCTR 股份、为落实受托人对有限合伙权益的所有权而采取的经受托人同意或法院批准的任何步骤、和/或根据本裁定条款就有限合伙权益向受托人支付或按受托人指示进行的任何未来分配款而引起的或与之相关的诉讼请求；并进一步\n\n裁定：受托人与 Reverence Fund 保留其与 Reverence 诉讼相关的各自权利，包括 Reverence Fund 所提出的下述主张：受托人在获得有限合伙权益及与该有限合伙权益相关的分配款后，不得再追索设立该有限合伙权益的初始转让之价值；并进一步\n\n裁定：明确保留受托人与 Lamp Capital LLC 各自在名为 Luc A. Despins, Trustee v. Lamp Capital LLC, et al. 的对抗制程序（美国康涅狄格区破产法院，对抗程序编号：23-05023）及与该程序相关的任何判后程序或上诉程序中可能享有的普通法或衡平法上的任何及所有权利与救济；并进一步\n\n裁定：在收到净收益后五（5）个工作日内，受托人应在第 11 章案件中提交一份报告，披露：(i) 出售 VCTR 股份的日期，(ii) VCTR 股份的售价，(iii) 毛收益金额，(iv) 扣除的费用金额，以及 (v) 受托人收到的净收益金额；并进一步\n\n裁定：授权受托人采取实施本裁定所需或适当的一切行动；并进一步\n\n裁定：在本裁定登入后五个工作日内，受托人应向美林证券提供填写完整的 W-9 表格、政府签发的身份证件复印件、电汇指示以及美林证券合理要求的任何其他文件，以使净收益支付给受托人；并进一步\n\n裁定：美林证券不对与清算和/或出售和/或转让和/或分配 VCTR 股份或净收益（视情况而定）相关的或由此引起的任何税款或税务后果承担责任，亦不应被视为承担责任；并进一步\n\n裁定：美林证券不对遵照本裁定采取的行动承担法律责任；并进一步\n\n裁定：根据《联邦破产诉讼规则》第 6004(h) 条，本裁定自登入之日起立即具有执行力；并进一步\n\n裁定：法院保留对因本裁定的实施、解释和执行而引起的或与之相关的所有事项的管辖权。\n\n日期：2024 年 6 月 20 日，于康涅狄格州布里奇波特。\n\nJulie A. Manning，美国康涅狄格区破产法院法官","key_entities":["Kwok","Ho Wan Kwok","Despins","Guo","Miles Guo","Paul Hastings"],"ecf_references":[{"doc_number":3203,"court":"CTB"},{"doc_number":3244,"court":"CTB"}],"word_count":1251,"status":"published","published_at":"2024-05-21 00:00:00","created_at":"2024-05-21","updated_at":"2026-08-23 12:47:43"}