Qian Zhimin Bitcoin Recovery Case Holds Procedural Hearing in UK, Judge Concerned About "Proliferation of Representation" for Chinese Victims

Odaily News This week, the UK High Court held a hearing in Manchester regarding the civil recovery case of Qian Zhimin's Bitcoin. However, this was a typical procedural hearing that did not make any rulings on asset ownership, compensation plans, or substantive legal issues. The core topic of the hearing was who should represent the large number of Chinese victims. Judge Turner, presiding over the case, repeatedly expressed concern about the current situation. As more and more law firms separately represent different groups of Chinese victims and file claims under Section 281 of POCA (s.281), the UK High Court is facing the practical risk of a "proliferation of representation." Additionally, Judge Turner explicitly mentioned another parallel judicial proceeding being advanced by the UK High Court—the UK bankruptcy liquidation proceedings against Blue Sky Grid Company. It is reported that a subsequent hearing is scheduled for February 16-17, at which time further arrangements or guidance regarding the specific impact of the bankruptcy liquidation proceedings on the civil recovery case may be provided. (Caixin)