Liquidators face challenges in recovering creditors' investments in defaulted Chinese builders.
Liquidators face challenges in recovering creditors' investments in defaulted Chinese builders due to difficulties in getting paid, locating financial records, and uncooperative executives. Funding is an issue as liquidators are paid from asset sales and only turn to creditors when funds run out. The complexities of winding up Chinese property firms, with assets mainly located in mainland China, exacerbate these difficulties.
July 29, 2024
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