Evergrande Group Takes Measures to Safeguard Against Creditors in the United States Before Votes

In a calculated strategic maneuver, Evergrande Group, a significant contender in China’s real estate industry, whose default played a pivotal role in the deepening property debt crisis in the country two years ago, has formally initiated Chapter 15 bankruptcy protection proceedings in New York on Thursday. For more information :

https://news.bloomberglaw.com/bankruptcy-law/china-evergrande-files-chapter-15-bankruptcy-in-new-york