💥Another Chinese Property Developer Restructures💥
Lebanon is yet another sovereign situation that merits attention
There may not be a whole lot of chapter 11 action happening but chapter 15 sure seems🔥.
We previously discussed the Chapter 15 filing of RiseSun Real Estate Development Co. Ltd. here. RiseSun blamed its restructuring on the following:
During the second half of 2021, Chinese property developers and the capital markets that funded the growth and developme…