Creditors overseeing China Fishery Group's (CFG) fishmeal business as part of a Chapter 11 bankruptcy restructuring plan have gained court approval to pay more $34 million (€33 million) to one of the parties harmed by the company.

On July 26, New York Bankruptcy Judge William Garrity approved the payment plan.

In December of 2020, Sun Securities filed petitions seeking insolvency proceedings against CFG and its Peruvian fishmeal subsidiary Copeinca in connection with CFG being unable to repay a $650 million ($634-million) club loan.