The bankruptcy protection allows a US bankruptcy court to intervene in cross-border insolvency cases that involve foreign companies undergoing restructuring from creditors.
August 18, 2023 at 05:48 AM
2 minute read
Asia Editor
Advised by Sidley Austin, China Evergrande Group has filed for Chapter 15 bankruptcy protection in a Manhattan bankruptcy court.
The protection allows a U.S. bankruptcy court to intervene in cross-border insolvency cases that involve foreign companies that are undergoing restructuring from creditors.
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