Alvarez & Marsal Asia defends against proceedings arising out of the purchase of the Hong Kong and Asian business of RSM Nelson Wheeler Corporate Advisory Services Limited
Clients Alvarez & Marsal Asia Limited
In May 2009, on behalf of Alvarez & Marsal Asia Limited, and its parent company, Alvarez & Marsal Holdings, LLC, Jones Day successfully concluded the long-running dispute between Alvarez & Marsal and HBFP Limited/Mr. NTC Hill. The matter concluded with a settlement which brought to an end the numerous disputes and legal proceedings between the parties arising out of the sale and purchase of the business and assets of the professional services firm of RSM Nelson Wheeler Corporate Advisory Services Limited to Alvarez & Marsal Asia Limited in June 2005, and the retirement of Mr. Hill from that business at the same time.
The proceedings commenced in late 2006 when Mr. Hill threatened to take steps to liquidate Alvarez & Marsal Asia Limited. Jones Day represented Alvarez & Marsal Asia Limited in successfully injuncting Mr. Hill, and preventing him from issuing a petition to liquidate the company. Various sets of proceedings were then commenced by the parties against the other, culminating in a trial of two of those proceedings in late 2008. The matter was successfully concluded in a confidential settlement shortly thereafter.
Alvarez & Marsal Asia Limited, Alvarez & Marsal Holdings, LLC, v. HBFP Limited/Mr. NTC Hill