The Chinese developer has sought protection under Chapter 15 of the US bankruptcy code, which shields non-US companies that are undergoing restructurings from creditors that hope to sue them or tie up assets in the US.
Evergrande files for bankruptcy in US, fueling worries about China property crisis
New York Post - 18 Aug 2023 18:10
The Chinese developer has sought protection under Chapter 15 of the US bankruptcy code, which shields non-US companies that are undergoing restructurings from creditors that hope to sue them or tie up assets in the US.
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