{"id":"court_ctb_838_0","court":"CTB","case_no":"22-50073","doc_number":838,"sub_number":0,"doc_type":"ORDER","filed_date":null,"title":"In re Ho Wan Kwok,* **Chapter 11 Case No. 22-50073 (JAM) REPORT OF CHAPTER 11 TRUSTEE FOR SEPTEMBER 6, 2022 STATUS CONFE","summary_zh":null,"summary_en":null,"body_en":"# *In re Ho Wan Kwok,* **Chapter 11 Case No. 22-50073 (JAM)**\n\n## **REPORT OF CHAPTER 11 TRUSTEE FOR SEPTEMBER 6, 2022 STATUS CONFERENCE**\n\nDisclaimer: This presentation is based on preliminary observations of the Chapter 11 Trustee based on information available at this time and remains subject to ongoing review and investigation. Accordingly, the information contained herein remains subject to material changes. In addition, certain sections reflect the Chapter 11 Trustee's views on legal issues and no assurances can be given that the Court (or any other court) would agree with the Chapter 11 Trustee's views on such legal issues.\n\n### **A. UPDATE ON GENEVER BVI**\n\nPursuant to the Court's order entered on August 10, 2022 [Docket No. 717] (the \"Corporate Governance Order\"), the Debtor's shares in Genever Holdings Corporation (\"Genever BVI\") were transferred to the Trustee. In addition, Harneys Corporate Services Limited (\"Harneys Corporate\")\\* was appointed as registered agent, and Genever BVI was restored to the British Virgin Islands (\"BVI\") corporate registry effective August 26, 2022. However, two issues have recently arisen in connection with Genever BVI.\n\n#### **1. Appointment of Director for Genever BVI**\n\n- The Trustee will appoint a director at Genever BVI, and the Trustee has selected Harneys Corporate to provide such a director.\n\t- o In recognition of the estate's current financial condition (the estate has only approximately \\$16,700 in its bank account), Harneys Corporate has agreed to a significant modification of its typical director fee structure. In particular, Harneys Corporate will accept payment of **\\$6,667** on account of the pro-rated portion of the remaining four months of 2022 (i.e., 1/3 of the annual fee of \\$20,000) and **will not seek payment on its 2023 director fees (\\$20,000) until after the estate has collected additional funds**.\n\t- o The Trustee considers the payment of **\\$6,667** by the estate for Harneys Corporate's director services to be a transaction in the ordinary course of business that may be undertaken pursuant to section 363(c)(1) of the Bankruptcy Code without a notice or hearing because the services are provided for a non-debtor.\n\nPAGE 1 \\*Harneys Corporate is a separate legal entity and operationally independent from the Trustee's proposed BVI counsel, Harney Westwood and Riegels (\"Harneys Legal\"), as is discussed in more detail in the supplemental declaration of Andrew Thorp filed at Docket No. 815.\n\n### **A. UPDATE ON GENEVER BVI**\n\n### **2. Bravo Luck's Actions to Revive BVI Court Litigation**\n\n- In 2020, prior to the filing of Genever US's chapter 11 case, Pacific Alliance Asia Opportunity Fund LP (\"PAX\") commenced litigation in the Eastern Caribbean Supreme Court Virgin Islands (the \"BVI Court\") against Genever BVI, Bravo Luck Limited (\"Bravo Luck\"), the Debtor, and the Debtor's son (the \"BVI Litigation\").\n\t- o In the BVI Litigation, PAX sought, among other things, declarations that the purported trust with respect to the Sherry Netherland and the Genever entities is invalid and that Bravo Luck is beneficially owned by the Debtor.\n\t- o In response, Bravo Luck and the Debtor's son filed counterclaims seeking a declaration that Genever BVI and Genever NY are beneficially owned by Bravo Luck.\n\t- o The BVI Litigation has been dormant since the filing of the Debtor's chapter 11 case in February 2022.\n- On September 2, 2022, Bravo Luck notified counsel for the parties in the BVI Litigation that Bravo Luck would file a request with the BVI Court on September 7, 2022 to schedule a case management conference.\n- The Trustee has serious concerns regarding Bravo Luck's request for a case management conference.\n\t- o In requesting a case management conference, Bravo Luck apparently seeks to revive the BVI Litigation. Given that this litigation involves an attempt by Bravo Luck to claim an interest in Genever BVI and the shares of Genever BVI are property of the Debtor's bankruptcy estate (and now held by the Trustee), Bravo Luck's actions constitute a violation of the automatic stay in the Debtor's chapter 11 case.\n\n## **B. UPDATE ON OTHER DEBTOR-RELATED ENTITIES**\n\n#### **1. Ace Decade and Dawn State**\n\n- The Trustee has identified at least two other Debtor-controlled BVI entities, Ace Decade Holdings Limited (\"Ace Decade\") and Dawn State Limited (\"Dawn State\") over which he intends to exercise corporate control.\n- Ace Decade and Dawn State are the Debtor's co-plaintiffs in his litigation against UBS in the United Kingdom.\n\t- o According to the **September 2020** complaint in the UBS litigation in the United Kingdom (and signed by the Debtor under penalty of perjury), Ace Decade was acquired by the Debtor in 2014 and Ace Decade has owned and controlled Dawn State since 2015.\n- The Trustee has reached out to the Debtor's counsel to request that, in accordance with the corporate governance order, the Debtor execute and deliver to the Trustee by 10:00 a.m. (ET) on September 6 (i.e., today) a share transfer instrument and related director's resolution to effectuate the transfer of the Ace Decade shares to the Trustee (in the same form as the corresponding documents with respect to the transfer of the Genever BVI shares).\n\n## **C. DEBTOR'S WHEREABOUTS**\n\n### **1. Debtor's Whereabouts**\n\n- The Trustee has been advised that the Debtor has vacated the Sherry Netherland apartment by removing his personal effects and moving out the furniture that had been installed in 2015 when he moved in.\n- The Trustee is concerned that this may indicate that the Debtor has left the United States or is preparing to do so.\n- Debtor's counsel has represented to the Trustee that the Debtor is now residing in Greenwich, Connecticut.\n\n## **D. HOUSEKEEPING MATTERS**\n\n### **1. HK USA Adversary Proceeding (Lady May)**\n\n- On August 24, 2022, the Trustee filed a motion seeking to extend his time to respond to the adversary complaint filed by HK International Funds Investments (USA) Limited, LLC (\"HK USA\") seeking a declaration of ownership of the *Lady May* from August 29, 2022 to September 28, 2022 [Adv. Proc. Docket No. 28]. HK USA filed an objection to the motion on August 26, 2022 [Adv. Proc. Docket No. 31]\n\t- o In addition, the Trustee filed a motion seeking to continue the pre-trial conference currently scheduled for September 13, 2022 to October 13, 2022. [Adv. Proc. Docket No. 32]. The Trustee understands that HK USA also opposes this motion.\n\n### **2. Monthly Operating Reports**\n\n- On August 22, 2022, the Trustee filed the monthly operating report (\"MOR\") for the period from July 8,. 2022 through July 31, 2022 [Docket No. 775].\n- The Debtor has still not filed MORs for May 2022, June 2022, and the first seven days of July 2022 (*i.e.*, the period prior to the order appointing the Trustee on July 8, 2022).\n\t- o The May 2022 MOR was due on June 21, 2022, the June 2022 MOR was due on July 21, 2022, and the July MOR (for the first 7 days) was due on August 21, 2022.\n\n## **D. HOUSEKEEPING MATTERS**\n\n#### **3. Continuing Failures to Produce Documents**\n\n The Debtor and HK USA have failed to produce the books and records their counsel promised, during the hearing held on July 21, 2022, would be turned over to the Trustee. In particular, counsel stated at the July 21 hearing:\n\n\"With respect to the corporate books and records and so forth, we received the request from the trustee. We fully understand our obligations and the debtor understands the debtor's obligations post trustee appointment while the debtor is out of possession under the code and the bankruptcy rules to cooperate with the trustee. And we're in the process of assembling information and records.\n\nAnd HK International, although not a debtor entity, it's owed -- it's owned by the daughter. As counsel, I understand that the records will need to be produced and we fully intend to cooperate with the trustee in that process.\"\n\nDebtor's Counsel, July 21, 2022 Hr'g Tr. at 60:5-16.\n\n### **4. Trustee's Application to Retain BVI Counsel**\n\n On August 30, 2022, the Trustee filed his application to retain Harneys Legal as BVI counsel. [Docket No. 807]. The hearing on the application has been scheduled for September 27, 2022, at 2:00 p.m.\n\n## **D. HOUSEKEEPING MATTERS**\n\n- **5. Status Conference in Genever US Case Before Judge Garrity**\n\t- Currently scheduled for September 27, at 10:00 a.m.\n\n#### **6. Derecktor Fees (Expert re Lady May Inspection)**\n\n Derecktor fees of \\$2,500 to be submitted as an expense of Paul Hastings without the filing of a separate fee application for Derecktor as expert.\n\n### **7. Scheduling Next Status Conferences**\n\n- Proposed dates:\n\t- o Wednesday, September 21\n\t- o Monday, October 3","body_zh":"关于 Ho Wan Kwok（郭文贵）案，第 11 章案件编号 22-50073 (JAM)\n第 11 章受托人就 2022 年 9 月 6 日状况会议提交的报告\n\n免责声明：本陈述系基于第 11 章受托人根据目前可获得的信息作出的初步观察，仍受制于持续的审查和调查。因此，此处所含信息仍可能发生重大变化。此外，某些部分反映了第 11 章受托人对法律问题的看法，无法保证法院（或任何其他法院）会同意第 11 章受托人对该等法律问题的看法。\n\nA. 关于 GENEVER BVI 的最新情况\n\n根据法院于 2022 年 8 月 10 日作出的裁定 [案卷编号 717]（即《公司治理裁定》），债务人在 Genever Holdings Corporation（“Genever BVI”）的股份已转让给受托人。此外，Harneys Corporate Services Limited（“Harneys Corporate”）\\* 被任命为注册代理人，且 Genever BVI 已于 2022 年 8 月 26 日起恢复在 British Virgin Islands（“BVI”，英属维尔京群岛）的公司登记册登记。然而，近期出现了与 Genever BVI 相关的两个问题。\n\n1. 为 Genever BVI 任命董事\n\n- 受托人将在 Genever BVI 任命一名董事，且受托人已选择由 Harneys Corporate 提供该名董事。\n\t- o 鉴于破产财产目前的财务状况（破产财产银行账户中仅有约 $16,700），Harneys Corporate 已同意对其常规的董事收费结构进行重大调整。具体而言，Harneys Corporate 将接受按比例分摊的 2022 年剩余四个月的费用 $6,667（即年费 $20,000 的三分之一），并在破产财产收回额外资金之前不会索取其 2023 年的董事费用（$20,000）。\n\t- o 受托人认为，破产财产为 Harneys Corporate 的董事服务支付 $6,667 属于可在无需发出通知或举行听证的情况下依据《破产法典》第 363(c)(1) 条进行的日常业务交易，因为该服务是为非债务人提供的。\n\n第 1 页 \\*Harneys Corporate 是一家独立的法人实体，且在业务运作上独立于受托人拟聘请的 BVI 法律顾问 Harney Westwood and Riegels（“Harneys Legal”），具体详情见 Andrew Thorp 于案卷编号 815 提交的补充声明。\n\nA. 关于 GENEVER BVI 的最新情况\n\n2. Bravo Luck 试图重启 BVI 法院诉讼的行动\n\n- 2020 年，在 Genever US 提起第 11 章破产案件之前，Pacific Alliance Asia Opportunity Fund LP（“PAX”）在 Eastern Caribbean Supreme Court Virgin Islands（“BVI 法院”，东加勒比最高法院维尔京群岛法庭）对 Genever BVI、Bravo Luck Limited（“Bravo Luck”）、债务人及债务人之子提起了诉讼（即“BVI 诉讼”）。\n\t- o 在 BVI 诉讼中，PAX 寻求（除其他事项外）宣布就 Sherry Netherland（雪莉荷兰大厦公寓）及各 Genever 实体设立的所谓信托无效，并宣布 Bravo Luck 由债务人实益拥有。\n\t- o 作为回应，Bravo Luck 和债务人之子提出了反诉，请求宣布 Genever BVI 和 Genever NY 由 Bravo Luck 实益拥有。\n\t- o 自 2022 年 2 月债务人提起第 11 章破产案件以来，BVI 诉讼一直处于搁置状态。\n- 2022 年 9 月 2 日，Bravo Luck 通知 BVI 诉讼各方当事人的律师，称 Bravo Luck 将于 2022 年 9 月 7 日向 BVI 法院提出请求，以安排一次案件管理会议。\n- 受托人对 Bravo Luck 请求举行案件管理会议深表关切。\n\t- o 在请求举行案件管理会议时，Bravo Luck 显然意图重启 BVI 诉讼。鉴于该诉讼涉及 Bravo Luck 试图主张在 Genever BVI 中的权益，而 Genever BVI 的股份属于债务人破产财产（现由受托人持有），Bravo Luck 的行为构成了对债务人第 11 章破产案件中自动中止的违反。\n\nB. 关于其他与债务人相关实体的最新情况\n\n1. Ace Decade 与 Dawn State\n\n- 受托人已查明至少另外两个由债务人控制的 BVI 实体：Ace Decade Holdings Limited（“Ace Decade”）和 Dawn State Limited（“Dawn State”），受托人打算对其实施公司控制。\n- Ace Decade 和 Dawn State 是债务人在英国针对 UBS（瑞银集团）提起诉讼的共同原告。\n\t- o 根据 2020 年 9 月在英国针对 UBS 诉讼中提交的起诉状（由债务人在受伪证处罚的约束下签署），Ace Decade 于 2014 年被债务人收购，且 Ace Decade 自 2015 年起拥有并控制 Dawn State。\n- 受托人已联系债务人律师，要求根据公司治理裁定，债务人在 9 月 6 日（即今天）上午 10:00（美东时间）之前向受托人签署并交付股份转让文书及相关的董事决议，以实现将 Ace Decade 的股份转让给受托人（其格式与转让 Genever BVI 股份的相应文件相同）。\n\nC. 债务人的行踪\n\n1. 债务人的行踪\n\n- 受托人获悉，债务人已搬离 Sherry Netherland 公寓，搬走了其个人物品并搬出了其在 2015 年入住时安置的家具。\n- 受托人担心这可能表明债务人已经离开美国或正在准备离开美国。\n- 债务人律师已向受托人表示，债务人目前居住在康涅狄格州格林威治（Greenwich, Connecticut）。\n\nD. 事务性程序事项\n\n1. HK USA 对抗性诉讼（Lady May 号游艇）\n\n- 2022 年 8 月 24 日，受托人提交了一项动议，请求将其对 HK International Funds Investments (USA) Limited, LLC（“HK USA”）提起的寻求确认 Lady May 号所有权的对抗性起诉状的答复期限从 2022 年 8 月 29 日延长至 2022 年 9 月 28 日 [对抗性诉讼案卷编号 28]。HK USA 于 2022 年 8 月 26 日对该动议提出了异议 [对抗性诉讼案卷编号 31]。\n\t- o 此外，受托人提交了一项动议，请求将目前定于 2022 年 9 月 13 日举行的庭前会议顺延至 2022 年 10 月 13 日 [对抗性诉讼案卷编号 32]。受托人获悉 HK USA 亦反对该动议。\n\n2. 月度运营报告\n\n- 2022 年 8 月 22 日，受托人提交了 2022 年 7 月 8 日至 2022 年 7 月 31 日期间的月度运营报告（“MOR”）[案卷编号 775]。\n- 债务人仍未提交 2022 年 5 月、2022 年 6 月以及 2022 年 7 月前七天的 MOR（即在 2022 年 7 月 8 日作出任命受托人的裁定之前的期间）。\n\t- o 2022 年 5 月的 MOR 应于 2022 年 6 月 21 日提交，2022 年 6 月的 MOR 应于 2022 年 7 月 21 日提交，而 7 月份（前 7 天）的 MOR 应于 2022 年 8 月 21 日提交。\n\nD. 事务性程序事项\n\n3. 持续未能提供文件\n\n债务人和 HK USA 未能提供其律师在 2022 年 7 月 21 日举行的听证会上承诺将移交给受托人的账簿和记录。具体而言，律师在 7 月 21 日的听证会上表示：\n\n“关于公司账簿和记录等事项，我们已收到受托人的请求。我们充分理解我们的义务，且债务人也理解根据《法典》和《破产规则》，在受托人被任命后债务人失去控制权期间，债务人负有配合受托人的义务。我们正在收集整理信息和记录。\n\n至于 HK International，尽管并非债务人实体，它归属于——由其女儿所有。作为律师，我理解需要提供这些记录，且我们完全打算在该过程中与受托人配合。”\n\n债务人律师，2022 年 7 月 21 日听证会笔录第 60 页第 5-16 行。\n\n4. 受托人关于聘请 BVI 法律顾问的申请\n\n2022 年 8 月 30 日，受托人提交了聘请 Harneys Legal 担任 BVI 法律顾问的申请。[案卷编号 807]。该申请的听证会已定于 2022 年 9 月 27 日下午 2:00 举行。\n\nD. 事务性程序事项\n\n- 5. Garrity 法官主审的 Genever US 案状况会议\n\t- 目前定于 9 月 27 日上午 10:00 举行。\n\n6. Derecktor 费用（关于 Lady May 号检验的专家）\n\nDerecktor 的 $2,500 费用将作为 Paul Hastings（普衡律师事务所）的开支报销提交，而无需为作为专家的 Derecktor 单独提交费用申请。\n\n7. 安排下一次状况会议\n\n- 建议日期：\n\t- o 9 月 21 日，星期三\n\t- o 10 月 3 日，星期一","key_entities":["Je","Kwok","Ho Wan Kwok","Paul Hastings"],"ecf_references":[],"word_count":1433,"status":"published","published_at":null,"created_at":null,"updated_at":"2026-08-23 12:51:03"}