Guo Wengui / Miles Guo — bankruptcy case · ORDER · ECF #4030

METADATA

Defendant
Guo Wengui / Miles Guo / Ho Wan Kwok
Court
CTB
Case No.
22-50073
ECF #
4030
Type
ORDER
Filed
2023-08-18

Monthly Fee Statement — In re Ho Wan Kwok (Miles Guo / Guo Wengui), CTB 22-50073 ECF #4030 (filed Aug 18, 2023). Prager Dreifuss AG, Swiss legal counsel to Chapter 11 Trustee Luc A. Despins, requests interim payment of 80% of fees (CHF 86,231.00) and 100% of expenses (CHF 2,155.80) for professional services rendered from January 1 through January 31, 2025.

FULL TEXT

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UNITED STATES BANKRUPTCY COURT DISTRICT OF CONNECTICUT BRIDGEPORT DIVISION

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-------------------------------------------------------------- x

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In re: : :

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Chapter 11
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HO WAN KWOK, et al., :

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Case No. 22-50073 (JAM)
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Debtors.1 : :

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Jointly Administered
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: -------------------------------------------------------------- x MONTHLY FEE STATEMENT OF PRAGER DREIFUSS AG FOR COMPENSATION AND REIMBURSEMENT OF EXPENSES FOR PERIOD FROM JANUARY 1, 2025 THROUGH JANUARY 31, 2025

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In accordance with the Order Establishing Procedures for Interim Compensation and

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Reimbursement of Expenses for Retained Professionals, dated August 18, 2023 [Docket No.

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2094] (the "Interim Compensation Order"),2 Prager Dreifuss AG ("Prager Dreifuss") hereby

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submits this monthly statement (the "Monthly Fee Statement") seeking compensation for

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services rendered and reimbursement of expenses incurred as Swiss law counsel to Luc A.

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Despins, in his capacity as the chapter 11 trustee (the "Trustee") appointed in the chapter 11 case

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of Ho Wan Kwok, for the period from January 1, 2025 through and including January 31, 2025

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(the "Fee Period"). By this Monthly Fee Statement, Prager Dreifuss respectfully requests

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payment of 80% of all fees and 100% of all expenses actually and necessarily incurred for

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1 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 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).

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2 Capitalized terms not otherwise defined herein shall have the meanings ascribed to such terms in the Interim Compensation Order.

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services rendered during the Fee Period, in the amounts of CHF 86,231.00 and CHF 2,155.80, respectively.3

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SERVICES RENDERED AND EXPENSES INCURRED
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1. Attached hereto as Exhibit A is a timekeeper summary that includes the name, hours, rate, and total fees earned for each Prager Dreifuss individual who provided services during the Fee Period.

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2. Attached hereto as Exhibit B is Prager Dreifuss' fee statement for services provided during the Fee Period.

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NOTICE AND OBJECTION PROCEDURES
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3. Notice of this Monthly Fee Statement will be given by email on the Notice Parties: (i) Luc A. Despins, as chapter 11 trustee for the estate of Ho Wan Kwok (lucdespins@paulhastings.com); (ii) Counsel for the Trustee, (x) Paul Hastings LLP, 200 Park Avenue, New York, New York 10166 (Attn: G. Alexander Bongartz (alexbongartz@paulhastings.com) and Douglass Barron (douglassbarron@paulhastings.com)) and (y) Neubert, Pepe & Monteith, P.C., 195 Church Street, 13th Floor, New Haven, Connecticut 06510 (Attn: Douglas S. Skalka (dskalka@npmlaw.com) and Patrick R. Linsey (plinsey@npmlaw.com)); (iii) the Office of The United States Trustee, Giaimo Federal Building, 150 Court Street, Room 302, New Haven, Connecticut 06510 (Attn: Holley L. Claiborn (holley.l.claiborn@usdoj.gov)); (iv) counsel for the Official Committee of Unsecured Creditors, Pullman & Comley, LLC, 850 Main Street, 8th Floor, PO Box 7006, Bridgeport, Connecticut 06601-7006 (Attn: Irve J. Goldman (igoldman@pullcom.com); and (v) counsel for Pacific

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3 In accordance with Prager Dreifuss' retention order [Docket No. 3034], (a) Prager Dreifuss is authorized to charge a flat fee for disbursements in an amount equal to 2% of the total fees charged and (b) Prager Dreifuss is authorized to invoice its fees and expenses in Swiss Francs (CHF) and to have such fees and expenses paid in Swiss Francs (CHF), subject to the terms of the Interim Compensation Order.

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Alliance Asia Opportunity Fund L.P., O'Melveny & Myers LLP, 7 Times Square, New York, New York 10036 (Attn: Peter Friedman (pfriedman@omm.com) and Stuart M. Sarnoff (ssarnoff@omm.com) (collectively, the "Notice Parties").

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4. Objections to this Monthly Fee Statement, if any, must be filed with the Court and served upon (i) Prager Dreifuss (Attn: Daniel Hayek (daniel.hayek@prager-dreifuss.com) and (ii) the Notice Parties by email no later than February 25, 2025 at 4:00 p.m. (prevailing Eastern Time) (the "Objection Deadline"), setting forth the nature of the objection and the specific amount of fees or expenses at issue.

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5. If no objections to this Monthly Fee Statement are filed and received on or before the Objection Deadline, the estate shall promptly pay Prager Dreifuss 80% of the fees and 100% of the expenses identified in this Monthly Fee Statement.

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6. To the extent that an objection to this Monthly Fee Statement is filed and received on or before the Objection Deadline, the estate shall withhold payment of that portion of this Monthly Fee Statement to which the objection is directed and promptly pay the remainder of the fees and expenses in the percentages set forth above. To the extent such an objection is not resolved, it shall be preserved and scheduled for consideration at the next interim fee application hearing.

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Dated: February 4, 2025
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By: /s/ Daniel Hayek
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Daniel Hayek PRAGER DREIFUSS AG Mühlebachstrasse 6 CH-8008 Zürich UNITED STATES BANKRUPTCY COURT DISTRICT OF CONNECTICUT BRIDGEPORT DIVISION

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X
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In re: : :

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Chapter 11
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HO WAN KWOK, et al.,1 : :

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Case No. 22-50073 (JAM)
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Debtors. : :

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(Jointly Administered)
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------------------------------------------------------x :

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CERTIFICATE OF SERVICE
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The undersigned hereby certifies that on the date hereof, the foregoing Monthly Fee Statement was electronically filed. In addition, a copy of the Monthly Fee Statement was served by email on the Notice Parties. Parties may access this filing through the Court's CM/ECF system.

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Dated: February 4, 2025 By: /s/ G. Alexander Bongartz

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New York, New York G. Alexander Bongartz (admitted pro hac vice) PAUL HASTINGS LLP 200 Park Avenue New York, New York 10166 (212) 318-6000 alexbongartz@paulhastings.com

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Counsel for the Chapter 11 Trustee
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1 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 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).

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Name Hours Rate CHF Amount CHF
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Hayek, Daniel 13.00 800.00 10.400.00 Jany, Oliver 168.05 425.00 71,421.25 Jegher, Gion 18.70 700.00 13,090.00 Meili, Mark 16.40 600.00 9.840.00 Zehnder, Anık 8.10 375.00 3.037.50 TOTAL 224.25 107,788.75 Exhibit B
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Fee Statement
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Date Service Name VAT Hours
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06.01.2025 Draft V OJY 0.00% 6.15
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06.01.2025 Conf OJY re status of workstreams MMA 0.00% 0.25 06.01.2025 Call: Alex re short Memo on OJY 0.00% 0.25 06.01.2025 Draft: Short Memo re OJY 0.00% 2.40 06.01.2025 rev. amended draft MMA 0.00% 0.40 07.01.2025 Draft: Short Memo re OJY 0.00% 6.45

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07.01.2025 Draft: OJY 0.00% 2.50
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07.01.2025 conf OJY re MMA 0.00% 0.30 08.01.2025 Draft: Overview Work Tasks OJY 0.00% 0.70 08.01.2025 Draft: Finilazing OJY 0.00% 0.05 08.01.2025 Draft: E-Mail OJY 0.00% 0.15 08.01.2025 Draft: Short Memo OJY 0.00% 6.15

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08.01.2025 rev. memo , draf HA 0.00% 2.10
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08.01.2025 conf with OJY regarding GJ 0.00% 1.00 09 01 2025 Draft: Short Memo OJY 0.00% 5.60 09.01.2025 conf HAVOJY re next steps MMA 0.00% 0.40

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09.01.2025 Draft: OJY 0.00% 3.40 09.01.2025 rev. MMA 0.00% 1.20
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09.01.2025 conf OJY re MMA 0.00% 0.30 09.01.2025 Draft: Email OJY 0.00% 0.25

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09.01.2025 review draft ; legal research re ; markup Memo; conf OJY GJ 0.00% 3.00
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10 01 2025 conf HA/GJ/OJY re MMA 0.00% 0.30 10.01.2025 Draft: Short Memo OJY 0.00% 7.35 10.01.2025 rev. letter MMA 0.00% 0.30 10.01.2025 rev.

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and memo HA 0.00% 2.90
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11.01.2025 Draft: Short Memo OJY 0.00% 3.85 13.01.2025 Draft: Short Memo OJY 0.00% 4.60

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13.01.2025 Draft: OJY 0.00% 3.65
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13.01.2025 rev.

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memo MMA 0.00% 1.20
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13 01 2025 conf OJY re MMA 0.00% 0.25

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13.01.2025 review
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; markup same; email to OJY GJ 0.00% 3.00

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14.01.2025 Draft: Short Memo OJY 0.00% 3.90

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14.01.2025 Draft: OJY 0.00% 1.25
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14.01.2025 Draft: Next OJY 0.00% 1.45 14.01.2025 rev. updated memo on MMA 0.00% 0.80 14.01.2025 rev. updated MMA 0.00% 0.50 14.01.2025 Review: Data re OJY 0.00% 1.40 14.01.2025 rev. update Alex re MMA 0.00% 0.30

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14.01.2025 rev. Memo HA 0.00% 2.30
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14.01.2025 Draft: Translation OJY 0.00% 1.00 14.01.2025 Draft: Email re Memo and Data OJY 0.00% 0.30 14.01.2025 rev. email Luc re MMA 0.00% 0.20 15.01.2025 Research: Next Steps OJY 0.00% 2.50 15.01.2025 Review: Possible action re OJY 0.00% 1.50 15.01.2025 Draft: Mashine Translation OJY 0.00% 1.60 15.01.2025 Draft: Email to Alex OJY 0.00% 0.75

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15.01.2025 comment HA 0.00% 0.50
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15.01.2025 Conf. MMA, OJY, GJ HA 0.00% 0.70 15.01.2025 Discussion: re next steps OJY 0.00% 0.85 15.01.2025 Dratt: Power Point re Options OJY 0.00% 3.20 15.01.2025 conf HA/GJ/OJY re legal strategy Switzerland MMA 0.00% 1.00 15.01.2025 review memo re strategy; internal conference with HA,

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MMA and OJY; legal research re ; conf OJY re scenarios GJ 0.00% 3.50
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16.01.2025 Review: Documents re OJY 0.00% 0.95 16 01 2025 Review: Response to OJY 0.00% 1.50 16.01.2025 Research: re OJY 0.00% 0.75 16.01.2025 Draft: Power Point re OJY 0.00% 1.75 16.01.2025 rev. overview on MMA 0.00% 0.90 16 01 2025 conf GJ/OJY re MMA 0.00% 0.40 16.01.2025 prep. call Luc/Alex re MMA 0.00% 0.50 16.01.2025 Call Lux/Alex re MMA 0.00% 1.00 16.01.2025 Conf. OJY re ANZ 0.00% 0.30 16.01.2025 Call: re next steps OJY 0.00% 1.00 16.01.2025 Discussion next steps OJY 0.00% 1.50 16.01.2025 Draft: Revised OJY 0.00% 1.30

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16.01.2025 Call: Alex re and email OJY 0.00% 0.45
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16.01.2025 rev. memos and HA 0.00% 1.00 16.01.2025 Discussion with Team and amend presentation HA 0.00% 1.10 16.01.2025 Call Lux and Alex re: Options and HA 0.00% 1.00

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16.01.2025 rev. powerpoint overview on
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; legal reserach re same; conf OJY; amend

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overview GJ 0.00% 1.50
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16.01.2025 call with Luc Despins, Alex Bongartz, HA, MMA and OJY

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re next steps GJ 0.00% 1.00
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16.01.2025 conf with HA, MMA and OJY re next steps GJ 0.00% 1.50

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17.01.2025 Draft: OJY 0.00% 6.05
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17.01.2025 Draft: Email re new information OJY 0.00% 0.20 17.01.2025 conf OJY re MMA 0.00% 0.30 17.01.2025 rev. email Alex re arguments in support of MMA 0.00% 0.40

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17.01.2025 rev. MMA 0.00% 0.30
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17.01.2025 Legal research re ANZ 0.00% 6.20

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20.01.2025 Draft: OJY 0.00% 8.05
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20.01.2025 Email to OJY re ANZ 0.00% 0.20 20.01.2025 email of OJY with email of Luc Despin and answer GJ 0.00% 0.30

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20.01.2025 rev. HA 0.00% 1.40 21.01.2025 Draft: OJY 0.00% 8.55
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21.01.2025 Legal research re ANZ 0.00% 0.20

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22.01.2025 Draft: OJY 0.00% 5.55
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22.01.2025 Legal research re ANZ 0.00% 1.00 22.01.2025 Research re OJY 0.00% 2.40 22.01.2025 Email to OJY re ANZ 0.00% 0.20

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23.01.2025 Research: OJY 0.00% 2.25
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23.01.2025 Research: Case law OJY 0.00% 3.00

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23.01.2025 Draft: OJY 0.00% 3.00 23.01.2025 rev. draft MMA 0.00% 2.00
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23.01.2025 conf OJY re MMA 0.00% 0.20

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24.01.2025 Draft: OJY 0.00% 6.65
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24.01.2025 Research: re OJY 0.00% 0.80 24.01.2025 Discssion re OJY 0.00% 1.40 24.01.2025 cont HA/GJ/OJY re MMA 0.00% 0.30 24.01.2025 rev. amended MMA 0.00% 0.30

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24.01.2025 Email: re OJY 0.00% 0.20
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24.01.2025 ; legal research; various conf

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rev. draft OJY GJ 0.00% 3.50 27.01.2025 Research: OJY 0.00% 4.95
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27.01.2025 Review:

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re Call and Call OJY 0.00% 1.15
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27.01.2025 Call Alex re MMA 0.00% 0.50

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27.01.2025 Draft: OJY 0.00% 2.00
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27.01.2025 conf OJY re MMA 0.00% 0.20

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28.01.2025 Draft: OJY 0.00% 7.45 28.01.2025 Email: OJY 0.00% 0.45
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Total excl. VAT 224.25 Expenses
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Date Text VAT Amount CHF
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04.02.2025 Disbursements 0.00% 2'155.80

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Total excl. VAT 2'155.80
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Provider Hours Rate CHF Amount CHF
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Hayek, Daniel 13.00 800.00 10'400.00 Jany, Oliver 168.05 425.00 71'421.25 Jegher, Gion 18.70 700.00 13'090.00 Meili, Mark 16.40 600.00 9'840.00 Zehnder, Anik 8.10 375.00 3'037.50 224.25 480.65 107'788.75

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