LCR and several affiliates acquire substantially all assets of CS Mining pursuant to sale under section 363 of Bankruptcy Code
Client(s) Lippo China Resources Limited and affiliates
Jones Day represents various affiliates of Lippo China Resources Limited ("LCR") in connection with its investment in excess of $75 million in CS Mining, LLC, a copper mining company based in Milford, Utah that is the subject of a chapter 11 case pending in the United States Bankruptcy Court for the District of Utah. Jones Day advised Lippo with respect to the bankruptcy case and ultimately advised Lippo in its successful acquisition of substantially all of the assets of CS Mining pursuant to a sale under section 363 of the Bankruptcy Code.
Additionally, Jones Day advised several of the LCR affiliates in connection with the allowance of LCR’s secured claims and successful settlement of litigation claims for breach of fiduciary duty, equitable subordination, and recharacterization. Jones Day continues to represent LCR with regards to claims brought by LCR and its affiliates against several members and managers of CS Mining. Jones Day also continues to provide general corporate advice to Tamra Mining Co., the new entity created by Lippo to purchase and operate the CS Mining assets.
In re CS Mining, LLC, Case No. 16-24818 (Bankr. D. Utah.)