Wed 02/14/2024 20:30 PM
Reorg Asia Highlights:
Sunac China Holdings Ltd., or Sunac’s Hong Kong scheme of arrangement has been afforded chapter 15 recognition by the U.S. Bankruptcy Court for the Southern District of New York, despite its primary business operations being located in mainland China;
A modified bench ruling by the U.S. Court discusses the center of main interests, or COMI, test and how this facet of chapter 15 recognition interacts with a traditional mainland Chinese business group...
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