Ending the Shell Game: Bankruptcy Court Jurisdictional Ruling Cuts Through Offshore Asset Protection Structure

Jeff Newton of Omni Bridgeway notes that the U.S. Bankruptcy Court in Despins v. ACA Capital Group Ltd. (In re Kwok) pierced through offshore shells by applying federal common law of alter ego, a move that consolidates proceedings and unlocks U.S.-style discovery—an important precedent for litigation funders whose recoveries often hinge on overcoming debtor asset-protection schemes.

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