Thu 02/22/2024 23:00 PM
Reorg Asia Highlights:
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China South City Holdings Ltd., or CSC, has missed redemption and interest payments under certain of its USD notes following its recent liability management exercise, or LME. This brings the keepwell protection provided by Shenzhen SEZ Construction and Development Group Co., Ltd., or SZCDG, back into focus;
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Previous Hong Kong keepwell litigation has underscored the importance of the regulatory approval provisions contained in keepwells, with the court...
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