A legal battle between court-appointed administrators looking after separate interests in the Pacific Andes International Holdings empire has reached a Hong Kong court.
Trustees for China Fishery Group Peru, which makes up Pacific Andes' Peruvian operations, are facing claims previously made in a US court by FTI Consulting, the liquidators in bankruptcy proceedings that allege CFG Peru benefited from the $152 million (€135.4 million) acquisition of Copeinca through fraudulent trading practices.
Claimants are seeking $152 million from CFG in the form of cash or shares of Copeinca.
