The executive managing the Chapter 11 case for Pacific Andes' former Peruvian anchovy subsidiary said in a court filing late last month that he can can arrange a "value-maximizing exit" for the group by the end of next year -- if he only had $15 million (€12.3 million) more.

William Brandt, Jr., Chapter 11 trustee for beleaguered China Fishery Group International (CFGI), has spent nearly $40 million (€32.7