Genting Hong Kong, whose MV Werften cruise ship building unit filed for insolvency earlier this week, expects a court in Germany to publish its ruling on a dispute over funding to be published on 17 January.

“The hearing of the Legal Proceedings took place on 11 January 2022 (Germany time) in the Court and the Court has indicated that ruling will be handed down by the Court on 17 January 2022 (Germany time),” the company said in a statement.

The matter concerns the legal proceedings involving the drawdown of $88.0 million backstop facility to be provided by the State of Mecklenburg Vorpommern in order to address the group’s potential liquidity needs, it said.