Beijing Firm Seeking Control of Ukrainian Engine Giants Goes Bankrupt

What’s new: A Beijing court assigned a law firm to manage the bankruptcy of Beijing Xinwei Technology Group, setting off a procedure to wind down a company that had sought to take control of Ukrainian engine manufacturer Motor Sich.

The Beijing No. 1 Intermediate People’s Court appointed Haiwen Law Firm Tuesday as the bankruptcy liquidation administrator for Beijing Xinwei, court documents showed. Creditors can file debt claims by May 5.