Court Supervised Liquidation

Appointed as Court Supervised Liquidators over the NASDAQ listed Cayman Islands holding company of a group with subsidiaries in Hong Kong, BVI and PRC, and operating entities controlled under VIE arrangements in PRC. The company operated the largest out-of-home advertising network using real-time mobile digital television broadcasts to deliver content and advertising on mass transportation systems in China. Our work involved taking control of each of the subsidiaries within the group, investigating the group’s affairs and tracing their assets, in the face of efforts by the Chairman to transfer assets out of the group, by appointing Borrelli Walsh representatives as the directors and legal representatives of the subsidiaries, collecting books and records from the various service providers and relevant parties, to ascertain the financial position of the group and investigate whether there are any other avenues for recovery available to enable a distribution to creditors.

Key People