SYDNEY/HONG KONG: Any liquidation of property giant Evergrande hinges on Chinese authorities recognising the ruling of a Hong Kong court, in a decision that could also affect the city's standing as a global financial centre, legal practitioners said.
A Hong Kong court on Monday ordered China Evergrande Group, the world’s most indebted developer with nearly $300 billion worth of liabilities, to be liquidated after around 18 months of failed negotiations with offshore creditors.
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