Chinese Court Guidance Aims to Smooth Developer Bankruptcies, Reassure Creditors

Chinese court guidance aims to smooth handling of developer bankruptcies

Framework from Supreme People’s Court aims to end judicial inconsistencies across regions, aid flow of capital for construction continuation.

Chinese court guidance aims to smooth developer bankruptcies, reassure creditors

China’s Supreme People’s Court has issued the country’s first systematic judicial guidance governing bankruptcy proceedings for property developers, in an effort to end inconsistencies that have slowed disposals and deterred capital in recent years. The framework called for timely reorganisations…