New Chapter 15 Filing - Forge Group Power Pty Ltd.

Forge Group Power Pty. Ltd.

  • 1/3/17 Recap: Australian-based company that assists with the engineering, procurement and construction of mining and oil and gas projects files for chapter 15 to ward off US-based litigation that threatens the administration of its '14 launched Australian liquidation. The company cites a legal retainer with Alston & Bird LLP held in a California-based Wells Fargo account as contacts to the US. The company originally launched liquidation proceedings after suffering from weakened commodity prices, reduced Chinese demand and reduced industry-wide capex in the face of weakened mining demand.
  • Jurisdiction: N.D. of California
  • Capital Structure: $249mm secured debt     
  • Company Professionals:
    • Legal: Alston & Bird LLP (Leib Lerner, Jeffrey Tsai) & Linklaters LLP (Aaron Javian, Adam Lurie)

Updated 1/4/17