{"id":"court_ctb_924_0","court":"CTB","case_no":"22-50073","doc_number":924,"sub_number":0,"doc_type":"ORDER","filed_date":null,"title":"UNITED STATES BANKRUPTCY COURT DISTRICT OF CONNECTICUT BRIDGEPORT DIVISION In re:","summary_zh":null,"summary_en":null,"body_en":"## UNITED STATES BANKRUPTCY COURT DISTRICT OF CONNECTICUT BRIDGEPORT DIVISION\n\nIn re:\n\nHO WAN KWOK,\n\nChapter 11\n\nDebtor.\n\nCase No: 22-50073 (JAM)\n\n## [PROPOSED] ORDER GRANTING HK INTERNATIONAL FUNDS INVESTMENTS (USA) LIMITED, LLC'S MOTION FOR ORDER ESTABLISHING REPAIR RESERVE FOR THE LADY MAY\n\n Upon the Motion for Order Establishing Repair Reserve for the Lady May (the \"Motion\") filed pursuant to this Court's Stipulated Order Compelling HK International Funds Investments (USA) Limited, LLC to Transport and Deliver that Certain Yacht, the \"Lady May\" (the \"Stipulated Order\") by HK International Funds Investments (USA) Limited, LLC (\"HK USA\"), which seeks an order establishing the repair reserve (the \"Repair Reserve\") required by the Stipulated Order, including the amount of the Repair Reserve equaling \\$4,000,000.00 (the \"Repair Reserve Amount\") and certain ancillary relief as set forth therein; and upon consideration of the Motion and the relief requested appearing to this Court to be necessary and appropriate to carry out the orderly operation of the Debtor's estate and, in particular, the effectuation of the procedures set forth in the Stipulated Order; due and sufficient notice of the Motion having been given under the particular circumstances; and after due deliberation and sufficient cause appearing therefor, it is hereby:\n\nORDERED that the Motion is hereby GRANTED to the extent set forth herein and the Repair Reserve required by the Stipulated Order and requested in the Motion, including the Repair Reserve Amount equaling \\$4,000,000.00, is hereby authorized, approved and established subject to the terms and conditions of this Order as follows:\n\n- (i) The trustee appointed in this case, Luc A. Despins (or any successor thereto) (the \"Trustee\"), shall hold the Repair Reserve Amount as escrow agent in the Trustee's section 345 bank account (the \"Trustee's Bank Account\") solely for the purpose of securing the completion of the service, maintenance, and repairs required to be performed to restore the Lady May to good working order in accordance with the Stipulated Order, specifically, paragraph 11 (the \"Required Repairs\") and this Order; provided, however, that the Repair Reserve Amount shall be held in the Trustee's Bank Account as if segregated from all other funds in such account, and the Trustee shall not be able to use or disburse any of the Repair Reserve Amount except as provided in this Order;\n- (ii) HK USA shall cause the service, maintenance, and repairs set forth in the proposals appended hereto as Exhibit A to be performed at Bridgeport Boatworks, 731 Seaview Avenue, Bridgeport, Connecticut, to repair the fuel pump/engines, repair the paint on the starboard bow section of the hull, fabricate and install bilge boards for center bilge, and service the starboard and port main engines (after repairs) on the Lady May (the \"Initial Work\");\n- (iii) The \"Valve Service\" described in the Motion, and any other Required Repairs (i) not included in the Initial Work or (ii) not known at this time but discovered in connection with either the Initial Work or the Valve Service (the \"Remaining Work\"), shall be performed at a later date to be determined (but shall be completed in no event later than on or before seven (7) months after the entry of this Order which deadline may be extended for good cause shown), subject to further order of this Court in accordance with the Stipulated Order;\n- (iv) To fund the Repair Reserve, this Court shall by separate Order direct the \"Escrow Agent\" to disburse from the \"Escrow Funds\" (as these terms are used in the Stipulated Order) to the Trustee good funds in the Repair Reserve Amount, which transfer shall establish the Repair Reserve in accordance with Section 11 of the Stipulated Order;<sup>1</sup>\n- (v) The Trustee shall pay from the Repair Reserve Amount the expenses (including any required deposits)) incurred to perform the Required Repairs or to pay the Insurance Deductible (as defined in the Motion) without further notice if such expenses are in accordance with the estimates set forth in Exhibit A, or if such expenses are not in accordance with such estimates, upon either:\n\t- a. The written consent of HK USA and the Trustee; or\n\t- b. The order of this Court following a motion seeking such relief and after due notice and a hearing;\n\nTo the extent that the Trustee and his advisors spend more than ten (10) hours in any given month related to the administration of payments from the Repair Reserve, the corresponding fees shall be paid out of the Repair Reserve;\n\n(vi) Notwithstanding anything herein to the contrary, the Trustee shall not be, nor required to be, a party to any contract (including any work orders) related to the Required Repairs, and the Trustee shall have no liability whatsoever to any person providing goods or services related to the Required Repairs, except that the Trustee\n\n<sup>1</sup> For the avoidance of doubt, and notwithstanding anything to the contrary in this Order, nothing in this Order, shall affect the status of the remaining Escrow Funds (i.e., the other \\$33 million) other than the last decretal paragraph of this Order which provides that HK USA has performed and satisfied its obligation to establish the Repair Reserve in accordance with Section 3(v) and 11 of the Stipulated Order.\n\nshall be required to pay expenses in accordance with, and subject to the terms of, this Order;\n\n- (vii) In the event and to the extent the Repair Reserve Amount is insufficient to fund fully and pay for the Required Repairs (\"Repair Reserve Shortfall\"), HK USA shall immediately deliver to the Trustee the Repair Reserve Shortfall (i) if funds are still held by the Escrow Agent, by seeking an Order from this Court directing the Escrow Agent to disburse good funds to the Trustee from the Escrow Funds; and/or (ii) by transferring good funds to the Trustee from other, non-escrowed sources. Any dispute with respect to the Repair Reserve Shortfall shall be heard by this Court upon motion of any party and after due notice and a hearing and, once determined by this Court, HK USA shall immediately deliver the Repair Reserve Shortfall to the Trustee to be held by Trustee in accordance with this Order;\n- (viii) After completion of the Initial Work and then again after the completion of all Required Repairs, including, but not limited to the Valve Service, HK USA shall (a) obtain documentation from (i) Bridgeport Boatworks or such other third-party contractor that provided the corresponding Required Repairs, and (ii) Lloyd's Register of Shipping or the American Bureau of Shipping, certifying that the corresponding Required Repairs have been completed (the \"Repair Certifications\") and (b) promptly cause the Lady May to be moved from dry dock into water;\n- (ix) Promptly upon receipt of a Repair Certifications, HK USA shall provide copies thereof to the Trustee, who shall then have a right to timely inspect the Lady May to confirm the completion of the corresponding Required Repairs (each, the \"Trustee Inspection,\" and, the final Trustee Inspection after the completion of all\n\nRequired Repairs, the \"Final Trustee Inspection\"). Any costs associated with a Trustee Inspection shall be borne by the Debtor's estate. If a Trustee Inspection does not commence within 15 days of the later of the Trustee's receipt of the Repair Certification or the Lady May having been moved from dry dock into water, the Trustee waives its right to conduct the Trustee Inspection. For the avoidance of doubt, each Trustee Inspection may include a sea trial, at the sole discretion of the Trustee, which sea trial HK USA shall reasonably accommodate;\n\n- (x) Upon completion of the Initial Work and the Trustee Inspection with respect to the Initial Work or upon the Trustee's waiver of his right to inspect the Initial Work as set forth above, and in the event and to the extent the Repair Reserve Amount exceeds the amount reasonably necessary to secure the payment of the Remaining Required Repairs (\"Repair Reserve Excess\") including, but not limited to, the Remaining Work, this Court, upon motion of HK USA filed on or after November 15, 2022, and after due notice and a hearing, shall determine the Repair Reserve Excess, if any, and shall order the Trustee to transfer such Repair Reserve Excess to HK USA or, in the event this Court has entered an order granting a prejudgment remedy against HK USA and such prejudgment remedy is not otherwise fully secured, the Trustee shall continue to hold such Repair Reserve Excess subject to and in accordance with the order granting prejudgment remedy;\n- (xi) Upon completion of the Final Trustee Inspection, or upon the Trustee's waiver of his right to inspect as set forth above, and in the event and to the extent the Repair Reserve Amount exceeds the amount that was necessary to pay for the Required Repairs (including, but not limited to, the Initial Work and the Valve Service), this\n\nCourt, upon motion of HK USA and after due notice and a hearing, and once determined by this Court that the Required Repairs have been fully performed, shall order the Trustee to transfer any excess Repair Reserve funds to HK USA or, in the event this Court has entered an order granting a prejudgment remedy in favor of the Trustee and against HK USA and such prejudgment remedy is not otherwise fully secured, the Trustee shall continue to hold such excess subject to and in accordance with the order granting prejudgment remedy;\n\n(xii) HK USA shall cause any and all insurance proceeds payable on account of the Required Repairs to be paid either (i) to the entity performing the Required Repairs to pay for such Required Repairs or (ii) to the Trustee to be incorporated into and held as part of the Repair Reserve subject to the terms and conditions of this Order; and HK USA shall further promptly upon receipt of any such insurance proceeds provide the Trustee with documentation establishing that it has complied with this paragraph; and it is further\n\nORDERED, that, by this Order, HK USA has performed and satisfied its obligation to establish the Repair Reserve in accordance with Section 3(v) and 11 of the Stipulated Order; provided, however, that HK USA shall not file with this Court the \"HK USA Certification\" as permitted by paragraph 3 of the Stipulated Order before November 3, 2022.<sup>2</sup>\n\n<sup>2</sup> Nothing in this Order, nor the Trustee's participation in formulating this Order, shall be deemed to affect whether the Trustee is a party to or subject to the Stipulated Order, and all parties' rights in this regard are reserved.","body_zh":"美国破产法院 康涅狄格区 布里奇波特分院\n\n案由：\n\nHO WAN KWOK（郭文贵），\n\n第 11 章\n\n债务人。\n\n案号：22-50073 (JAM)\n[拟定] 准予 HK INTERNATIONAL FUNDS INVESTMENTS (USA) LIMITED, LLC 关于设立 THE LADY MAY 号维修准备金之裁定的动议的裁定\n\n鉴于 HK International Funds Investments (USA) Limited, LLC（“HK USA”）依据本法院作出的《强令 HK International Funds Investments (USA) Limited, LLC 运输并交付特定游艇“Lady May”号的约定裁定》（“《约定裁定》”）提起了《关于设立 Lady May 号维修准备金之裁定的动议》（“《动议》”），该动议请求作出一项裁定，以设立《约定裁定》所要求的维修准备金（“维修准备金”），包括金额为 $4,000,000.00 的维修准备金（“维修准备金金额”）以及其中所载的若干附随救济；并且经审理该《动议》，本法院认为所请求的救济对于维持债务人财产的有序运作，特别是落实《约定裁定》中规定的程序而言是必要且适当的；且在特定情况下已给出了适当且充分的《动议》通知；经合议审理且具备充分理由，特此：\n\n裁定：《动议》在本文规定的范围内特此予以准予，《约定裁定》所要求的及《动议》所请求的维修准备金，包括金额为 $4,000,000.00 的维修准备金金额，特此在遵守本裁定下列条款和条件的前提下获得授权、批准和设立：\n\n- (i) 在本案中获委任的受托人 Luc A. Despins（或其任何继任者）（“受托人”），应作为托管代理人将维修准备金金额保存在受托人第 345 条银行账户（“受托人银行账户”）中，其唯一目的是担保完成按照《约定裁定》（特别是第 11 段）（“规定维修”）及本裁定恢复 Lady May 号至良好运行状态所要求进行的服务、维护和维修；但是，维修准备金金额保存在受托人银行账户中应视同与该账户中的所有其他资金相隔离，且除本裁定另有规定外，受托人不得使用或拨付任何维修准备金金额；\n- (ii) HK USA 应促使作为附件 A 附于本裁定的方案中所列的服务、维护和维修在康涅狄格州布里奇波特市海景大道 731 号的 Bridgeport Boatworks 进行，以修理 Lady May 号上的燃油泵/发动机、修补船体右舷艏部油漆、制造并安装中央船底舱板，以及对右舷和左舷主发动机进行检修（维修后）（“初始工程”）；\n- (iii) 《动议》中所述的“阀门检修”，以及（i）未包含在初始工程中或（ii）目前未知但在与初始工程或阀门检修相关的过程中发现的任何其他规定维修（“剩余工程”），应在待确定的较晚日期进行（但在任何情况下均不得迟于本裁定作出之日起七（7）个月内完成，该截止日期可因表明具有正当理由而延长），并受本法院根据《约定裁定》作出的进一步裁定的约束；\n- (iv) 为向维修准备金注资，本法院应通过单独的裁定指令“托管代理人”从“托管资金”（按这些术语在《约定裁定》中的定义）中向受托人划拨维修准备金金额的有效资金，该转账应根据《约定裁定》第 11 条设立维修准备金；1\n- (v) 若该等费用符合附件 A 中所列的估算，受托人应从维修准备金金额中支付为进行规定维修而发生的费用（包括任何要求的押金）或支付保险免赔额（定义见《动议》），无需另行通知；若该等费用不符合该等估算，则在满足以下任一条件后支付：\n\t- a. HK USA 与受托人的书面同意；或\n\t- b. 在提出请求该等救济的动议并经适当通知和听证后，本法院作出的裁定；\n\n如果受托人及其顾问在任何给定月份中因管理维修准备金的付款而花费超过十（10）小时，相应的费用应从维修准备金中支付；\n\n(vi) 尽管本文有任何相反规定，受托人概不是、亦无需成为与规定维修相关的任何合同（包括任何工单）的当事方，且受托人对提供与规定维修相关的货物或服务的任何人概不承担任何责任，但受托人\n\n1 为免疑义，且尽管本裁定有任何相反规定，本裁定中的任何内容均不影响剩余托管资金（即其余的 3300 万美元）的地位，但本裁定中规定 HK USA 已履行并满足其根据《约定裁定》第 3(v) 条和第 11 条设立维修准备金之义务的最后裁定段除外。\n\n应被要求按照本裁定的条款并受其约束支付费用；\n\n- (vii) 如果维修准备金金额不足以全额注资并支付规定维修（“维修准备金缺口”），且在该不足的范围内，HK USA 应立即向受托人交付维修准备金缺口款项，方式为：（i）如果资金仍由托管代理人持有，通过向本法院请求作出裁定，指令托管代理人从托管资金中向受托人划拨有效资金；及/或（ii）通过从其他非托管来源向受托人转入有效资金。关于维修准备金缺口的任何争议，应在任何当事方提出动议并经适当通知和听证后由本法院审理，且一旦由本法院作出裁决，HK USA 应立即将维修准备金缺口款项交付给受托人，由受托人根据本裁定予以持有；\n- (viii) 在初始工程完成之后，以及在所有规定维修（包括但不限于阀门检修）全部完成之后，HK USA 应分别：(a) 从（i）Bridgeport Boatworks 或提供相应规定维修的其他第三方承包商，以及（ii）Lloyd's Register of Shipping（英国劳氏船级社）或 American Bureau of Shipping（美国船级社）处获取证明相应规定维修已完成的文件（“维修证明”），并且 (b) 及时促使 Lady May 号从干船坞移至水中；\n- (ix) 在收到维修证明后，HK USA 应立即向受托人提供其副本，受托人届时有权及时检验 Lady May 号以确认相应规定维修的完成（每一次检验均称为“受托人检验”，在所有\n\n规定维修完成后的最终受托人检验称为“最终受托人检验”）。与受托人检验相关的任何费用均应由债务人财产承担。如果受托人检验未在受托人收到维修证明与 Lady May 号已从干船坞移至水中两者中较晚发生之日起 15 天内启动，则视为受托人放弃其进行受托人检验的权利。为免疑义，每次受托人检验均可由受托人全权酌情决定是否包含试航，HK USA 应合理配合该试航；\n\n- (x) 在初始工程及针对初始工程的受托人检验完成之后，或在受托人如上所述放弃其检验初始工程的权利之后，如果维修准备金金额超过为担保支付剩余规定维修（包括但不限于剩余工程）所合理需要的金额（“维修准备金结余”），且在该超出的范围内，本法院在 HK USA 于 2022 年 11 月 15 日或之后提交动议并经适当通知和听证后，应确定维修准备金结余（如有），并应裁定受托人将该维修准备金结余转交予 HK USA；或者，如果本法院已作出裁定准予对 HK USA 实施判决前保全救济且该判决前保全救济未通过其他方式获得充分担保，受托人应继续依据准予判决前保全救济的裁定并按照该裁定持有该维修准备金结余；\n- (xi) 在最终受托人检验完成之后，或在受托人如上所述放弃其检验权利之后，如果维修准备金金额超过支付规定维修（包括但不限于初始工程和阀门检修）所需的金额，且在该超出的范围内，本\n\n法院在 HK USA 提出动议并经适当通知和听证后，且一旦本法院认定规定维修已全部履行，应裁定受托人将任何结余的维修准备金款项转交予 HK USA；或者，如果本法院已作出裁定准予受托人对 HK USA 实施判决前保全救济且该判决前保全救济未通过其他方式获得充分担保，受托人应继续依据准予判决前保全救济的裁定并按照该裁定持有该结余款项；\n\n(xii) HK USA 应促使因规定维修而应付的任何及所有保险赔付款项支付给：（i）执行规定维修的实体以支付该等规定维修费用，或（ii）受托人以并入维修准备金并受本裁定的条款和条件约束作为维修准备金的一部分予以持有；HK USA 进一步应在收到任何该等保险赔付款项后立即向受托人提供证明其已遵守本段规定的文件；并且进一步\n\n裁定：通过本裁定，HK USA 已履行并满足其根据《约定裁定》第 3(v) 条和第 11 条设立维修准备金的义务；但是，HK USA 不得在 2022 年 11 月 3 日之前向本法院提交《约定裁定》第 3 段所允许的“HK USA 证明”。2\n\n2 本裁定中的任何内容，以及受托人参与制定本裁定的行为，均不得被视为影响受托人是否为《约定裁定》的当事方或受其约束，所有当事方在此方面的权利均予以保留。","key_entities":["Je","Kwok","Ho Wan Kwok","Despins","CIPA"],"ecf_references":[],"word_count":1754,"status":"published","published_at":null,"created_at":null,"updated_at":"2026-08-23 12:57:39"}