Kobre & Kim serves as counsel in high-stakes, cross-border insolvency proceedings in jurisdictions worldwide. Our international team of bankruptcy and insolvency professionals has been recognized in the Global Restructuring Review’s annual guide, where Kobre & Kim was named one of the world’s leading law firms for cross-border restructuring and insolvency matters.
Kobre & Kim often represents foreign representatives or other stakeholders in Chapter 15 cases before the U.S. bankruptcy courts—particularly where the Chapter 15 case is part of a global asset recovery campaign. Our bankruptcy litigators also regularly represent foreign creditors or officeholders in contentious Chapter 11 proceedings that intersect with pending proceedings in foreign jurisdictions.
Our experience includes:
Representation of joint liquidators of Point Investments, Ltd. (a Bermuda investment company) in multiple sets of proceedings regarding the preservation and distribution of assets worth US $3.2 billion, including in obtaining the successful Chapter 15 recognition of a solvent, just and equitable Bermuda liquidation.
Representation of Hong Kong-based investment funds owed over US $200 million in their enforcement of a judgment award against the debtors based on defaulted bond debt, involving simultaneous proceedings in New York state court, Alabama bankruptcy court, and the India High Court. The case team successfully obtained orders from the New York court requiring the judgment debtors to turn over their cash and equity interests in various subsidiaries, to appoint a receiver, and obtained a rare dismissal of the judgment debtors' Chapter 11 bankruptcy cases, which were filed in an attempt to block the enforcement campaign. Representation of Mainstream Renewable Power Ltd. in the US Bankruptcy Court for the Southern District of Texas in an expedited litigation seeking dismissal of a Chapter 11 case filed by parties purporting to act on behalf of two of Mainstream's subsidiaries. After opening arguments at the evidentiary hearing on the motion, the parties reached a favorable settlement resolving global litigation brought by a major hedge fund in Chile, New York, and Texas.
Representation of the Joint Liquidators of IIG Structured Finance Fund Ltd and IIG Global Trade Finance Fund Ltd. in Cayman Islands proceedings and as special litigation counsel in Chapter 15 and adversary proceedings in the Southern District of New York.
Representation of the U.K. liquidators of international cryptocurrency exchange Dooga f/k/a Cubits in their international asset recovery efforts, including through U.S. Chapter 15 bankruptcy proceedings and related discovery and asset recovery measures.
Representation of Hong Kong-based investment funds owed over US $200 million in their enforcement of a judgment award against the debtors based on defaulted bond debt, involving simultaneous proceedings in New York state court, Alabama bankruptcy court and the India High Court.
Kobre & Kim is qualified to practice in key jurisdictions known for cross-border insolvency matters, including New York, Delaware, Miami, Hong Kong, London, and various offshore locations such as the Cayman Islands, British Virgin Islands, and Bermuda. Our team consists of English solicitors and barristers (including English King’s Counsel), offshore lawyers, and Hong Kong solicitors, among others, with substantial experience in high-stakes insolvency litigation and commercial disputes.
Our extensive experience advising across these diverse jurisdictions enables us to use insolvency as a cross-border discovery and asset-recovery tool, uncovering instances of fraud and identifying assets to monetize claims.
Our experience includes:
Representation of Joint Official Liquidators (“JOLs”) of BPGIC Holdings, a company placed into liquidation by the Grand Court of the Cayman Islands. After the company was classified as “doubtful solvency,” the JOLs faced aggressive pressure tactics from various stakeholders. Kobre & Kim obtained declaratory judgments vindicating the JOLs’ actions and assisting one liquidator’s release from custody.
Representation of court-appointed liquidators in the winding-up of a Cayman Islands-based fund to invest in philanthropic activities in Africa. Kobre & Kim acts for the liquidators in preserving and realizing the Fund’s assets, pursuing the recalcitrant General Partner and Investment Manager, and defending claims brought by the GP and Investment Manager in the U.S.
Representation of former board members of China-based Luckin Coffee Inc. in investigations and legal proceedings with respect to alleged fabricated transactions, including in offshore winding-up proceedings in the Cayman Islands arising from allegations of fraud.
Representation of former board members of China-based Luckin Coffee Inc. in investigations and legal proceedings with respect to alleged fabricated transactions, including in offshore winding-up proceedings in the Cayman Islands arising from allegations of fraud.