Mon 05/29/2023 22:48 PM
Relevant Document:Reasons
Reorg Asia Highlights:
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The Hong Kong Court has ordered the winding up of Chinese property developer Jiayuan International Group (Jiayuan) after a previous adjournment to allow the company to propose a restructuring;
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Court provides further guidance around expectations required of companies to adjourn winding up petitions. Companies are to provide a “concrete” restructuring proposal with support from the “requisite majority of creditors”;
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Jiayuan had...
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