According to Techub News, citing Caixin, the UK High Court held a procedural hearing this week in Manchester on the civil recovery case concerning Qian Zhimin's Bitcoin assets. The hearing did not make a ruling on asset ownership, compensation plans, or substantive legal issues. The focus was on "who should represent the Chinese victims" and the representation arrangements. The judge expressed concern about the risk of "representation overload" that could result from multiple law firms representing different groups. A follow-up hearing is scheduled for February 16-17, at which time further arrangements or guidance may be provided regarding the specific impact of bankruptcy liquidation proceedings on civil recovery cases.
The UK High Court held a procedural hearing on the Qian Zhimin case, and will continue to discuss the impact of bankruptcy liquidation on asset recovery.
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