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China Fishery seeks to pay $12m to settle lawsuit holding up sale process

In exchange for a $12m cash payment, liquidators of several Pacific Andes affiliates will permanently drop a lawsuit filed against China Fishery Group in Hong Kong 

By Jason Smith | Feb. 22, 2021 15:47 GMT
Credit: Doidam 10/Shutterstock.com
Credit: Doidam 10/Shutterstock.com
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A year-long mediation process between China Fishery Group (CFG) trustee William Brandt and liquidators in charge of several Pacific Andes International Holdings (PAIH) affiliate companies has resulted in a settlement proposal [...]

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