Evergrande liquidation: importance of a concrete restructuring plan

Marking the biggest-ever liquidation in Hong Kong, the Court indicated “enough was enough” and in the absence of a viable restructuring plan, the interests of creditors will be better protected if the Company is wound up by the Court.

The baton now passes to the liquidators to see if the company can put forward and implement a restructuring which was previously thwarted by regulatory hurdles.

Hogan Lovells Restructuring & Special Situations team brings the full spectrum of debt finance, restructuring and litigation capability. The team works seamlessly to provide strategic advice and pragmatic solutions in complex situations.

Being one of the handful of approved joint ventures between a foreign law firm and a Chinese law firm in the Shanghai Free Trade Zone, Hogan Lovells Fidelity has the ability to commence and pursue legal proceedings in China with support from our Chinese law qualified litigation colleagues. We have an extensive record representing major parties in litigation relating to insolvency cases and other debt-related issues.

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Related articles:

China Evergrande Creditors Face a Daunting Task to Recover Money - Bloomberg

Evergrande: China's Evergrande: What happens next after liquidation order? - The Economic Times (indiatimes.com)

Hong Kong Court Has Had ‘Enough’, Orders China Evergrande to Liquidate | Law.com International

Evergrande case could test China-Hong Kong insolvency arrangement - Nikkei Asia

Why Evergrande’s Hong Kong liquidation order is just the start of an uphill battle for its offshore creditors | South China Morning Post (scmp.com)

Lessons of the Evergrande liquidation judgment | Global Turnaround