U.S. Hung Wui Investments in Foreclosure on Underlying Collateral

Persuaded the U.S. Bankruptcy Court in the Central District of California to allow U.S. Hung Wui Investments, Inc., lender on a $37 million loan, to foreclose on the underlying collateral – a retail shopping center and hotel. On appeal, the Ninth Circuit Bankruptcy Appellate Panel unanimously upheld the Bankruptcy Court order, and the Ninth Circuit Court of Appeals refused to impose a further stay to allow for additional appeal.