Grueling China Fishery bankruptcy, asset sale process approaching endgame

April 29, 2021

With an accord reached between all major stakeholders, the end is in sight for China Fishery’s Chapter 11 bankruptcy filing and related litigation, clearing the way for a sale of the company’s Peruvian assets.

A series of agreements between the Ng family, a group of the company’s creditors, and the court-appointed trustee in charge of selling CFG Peru – the firm’s most-prized asset – creates a path for the finalization of a grueling, 4.5-year-long process of bringing the company back from bankruptcy, according to the trustee, William Brandt.

Click here to read the full story as published in SeafoodSource, written by Cliff White April 27, 2021.