Past Events
Post-default Recovery of Chinese Offshore Developer Bonds
Since October 2021, offshore bonds issued by Chinese property developers have been facing a wave of defaults. At a seminar on 7 January, Wilson Yan and Alan Xu, Equity Partners of Zhong Lun Law Firm, discussed the disposal and settlement of Chinese offshore property bonds after default, and identified a number of cost-effective solutions for bond investors to recover financial loss. Yan pointed out that some developers had been trying to delay and resist the post-default bond settlement. In such cases, bondholders were advised to transfer defaulted bonds at a low price, so as to minimize their losses.
Xu also explained the procedures of bond transfer and debt restructuring; as well as the advantages and disadvantages of various ways of dealing with post-default bonds.
2022/01/07
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