Rabobank, Standard Chartered Bank (Hong Kong) Limited, China CITIC Bank International Limited and DBS Bank (Hong Kong), Limited informed a US bankruptcy court on Friday they intend to file a motion seeking the appointment of a trustee in the Pacific Andes bankruptcy case, “to ensure independent fiduciary oversight to preserve the estates’ equity stakes in a lucrative fishery business and processing plants in Peru operated by certain non-debtor affiliates.”
Combined the four lenders constitute the largest creditor group of the Pacific Andes/China Fishery Group, holding over $413 million in principal amount of loans, according to court documents.
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