• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
Hong Kong skyline with skyscrapers, including the China Evergrande Group headquarters, during financial crisis. - Supply Chain News

Hong Kong Court Orders Liquidation of China Evergrande Group Amid Financial Crisis

01/29/2024
Businesspeople shaking hands, symbolizing a trade agreement or negotiation impacted by increased tariffs. - Supply Chain News

U.S. Increases Tariffs on Select Canadian Imports to 35 Percent

08/01/2025
Trump Administration Sets New Tariffs to Begin in One Week

Trump Administration Sets New Tariffs to Begin in One Week

08/01/2025
New U.S. Tariff Measures Reshape Trade Terms with Canada and Other Key Partners

New U.S. Tariff Measures Reshape Trade Terms with Canada and Other Key Partners

08/01/2025
United States Revises Import Tariffs on Canadian Goods to 35%

United States Revises Import Tariffs on Canadian Goods to 35%

08/01/2025
U.S. Raises Tariffs on Canadian Imports from 25% to 35% Under Executive Order

U.S. Raises Tariffs on Canadian Imports from 25% to 35% Under Executive Order

08/01/2025
Professional Logistics Network Inc. Nominated for Go Global Awards 2025

Professional Logistics Network Inc. Elevates Global Freight Forwarding with Next-Gen Digital Alliance

07/31/2025
Zoni American High School Nominated for Go Global Awards 2025

Zoni American High School Expands Global Opportunities Through U.S.-Based, Student-Centered Education

07/31/2025
Zoni American High School Nominated for Go Global Awards 2025

Zoni American High School Nominated for Go Global Awards 2025

07/31/2025
Professional Logistics Network Inc. Nominated for Go Global Awards 2025

Professional Logistics Network Inc. Nominated for Go Global Awards 2025

07/31/2025
UNISIL Nominated for the Go Global Awards 2025

UNISIL Nominated for the Go Global Awards 2025

07/31/2025
World Speedex Logistics Expands Global Footprint with Reliable Freight Solutions and Customer-Centric Innovation

World Speedex Logistics Nominated for the Go Global Awards 2025

07/31/2025
Compos Mentis Legal Practitioners, a leading Nigerian law firm with offices in Warri, Lagos, and Abuja, continues to set new standards in legal service delivery through innovation, strategic thinking, and a commitment to global best practices. Established in 2007, the firm has grown into a trusted name in dispute resolution, debt recovery, intellectual property, medical law, and corporate advisory. The firm holds the distinction of being the first Nigerian law firm certified to the ISO 9001:2015 standard, reflecting its dedication to quality management, transparency, and client satisfaction. This milestone reinforces Compos Mentis LP’s role as a trailblazer in legal professionalism, setting a benchmark for excellence across Nigeria and beyond. At the heart of the firm’s innovation strategy is Consultus Lawyer, a proprietary digital platform that allows clients—both local and international—to access legal services remotely. Through this platform, the firm provides affordable, high-quality support in a wide range of legal matters, including cross-border disputes and advisory services. Flexible pricing models ensure accessibility for diverse clients, including government agencies, public institutions, community trust boards, individuals, and small enterpr In 2024–2025, the firm recorded an 87.5% success rate across 24 litigation cases, a testament to its rigorous preparation and expert legal strategy. The firm's consistent results and sectoral expertise have been recognized through numerous accolades, including the Dispute Resolution Law Experts of the Year in Nigeria – 2025 by Global Law Experts and the Regional Law Firm of the Year at the 2024 ESQ Legal Awards. Compos Mentis LP has also earned multiple Mondaq Awards in 2024 and 2025 for its contributions to legal thought leadership, particularly in intellectual property and immigration law. These recognitions underscore the firm’s ability to blend deep legal insight with a forward-thinking approach to knowledge sharing. Beyond its commercial achievements, Compos Mentis LP is deeply committed to social responsibility. The firm provides pro bono legal services to indigent individuals and supports host communities in the Niger Delta with legal representation and governance advisory. It also invests in talent development, fostering the next generation of legal professionals through mentorship and continuous learning opportunities. As Compos Mentis LP expands its reach and digital capabilities, it remains grounded in its core values: excellence, access to justice, and service to the community. With a proven track record, global outlook, and commitment to legal empowerment, the firm is positioned as a leader in Nigeria’s evolving legal landscape. To learn more, visit: https://compos-mentis.com #ComposMentis #LegalInnovation #DisputeResolution #AccessToJustice #ConsultusLawyer #ISO9001Certified #RuleOfLaw #NigeriaLegal #LawFirmOfTheYear #GlobalLegalStandards

Compos Mentis Legal Practitioners Nominated for Go Global Awards 2025

07/31/2025
supplychainreport
Sunday, August 3, 2025
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

Hong Kong Court Orders Liquidation of China Evergrande Group Amid Financial Crisis

by Richie
01/29/2024
in Global Trade, Industry, International Relations, Risk Mitigation, Security & Risk

YOU MAY ALSO LIKE

U.S. Increases Tariffs on Select Canadian Imports to 35 Percent

Trump Administration Sets New Tariffs to Begin in One Week

In a significant development, a Hong Kong court has ruled for the liquidation of China Evergrande Group, marking a crucial moment for the world’s most indebted developer, burdened with over $300 billion in total liabilities. The decision by Justice Linda Chan comes after Evergrande failed to present a concrete restructuring plan over two years after defaulting on a bond repayment.

The liquidation order is expected to have far-reaching implications for China’s financial markets, already grappling with a challenging economic environment. The move raises concerns about the potential impact on Evergrande’s daily operations, especially concerning home-building projects. However, Evergrande’s CEO, Siu Shawn, assured Chinese media that the order would not affect the operations of the company’s onshore and offshore units.

The ruling sets the stage for a complex and protracted liquidation process, raising questions about the treatment of foreign creditors by Chinese authorities. The offshore investors are keenly watching how the government handles foreign creditors in the aftermath of a major corporate failure.

Gary Ng, Senior Economist at Natixis, noted, “It is not an end but the beginning of the prolonged process of liquidation, which will make Evergrande’s daily operations even harder.” The uncertainty revolves around how creditors can seize assets, the repayment hierarchy for offshore bondholders, and the potential impact on shareholders.

Evergrande’s shares experienced a significant decline, dropping as much as 20% before the court hearing. Trading in China Evergrande and its listed subsidiaries—China Evergrande New Energy Vehicle Group and Evergrande Property Services—was halted following the verdict.

The liquidation ruling is anticipated to exacerbate the challenges faced by Evergrande, a company that triggered a crisis in the property sector with its 2021 debt default. The decision could further impact China’s capital and property markets, posing additional challenges to policymakers already contending with economic underperformance, a sluggish property market, and a low-performing stock market.

While Evergrande had sought another adjournment on Monday, stating some progress on a restructuring proposal, the court proceeded with the liquidation order. The company’s struggles have been ongoing, with a debt revamp plan of $23 billion under discussion with a group of creditors for nearly two years.

The ruling is not expected to have an immediate impact on Evergrande’s day-to-day operations, including ongoing home construction projects. The process of offshore liquidation, managed by appointed creditors, could take months or even years to gain control of subsidiaries in mainland China, governed by a separate jurisdiction from Hong Kong.

This decision follows a trend, as at least three other Chinese developers have previously been ordered by a Hong Kong court to liquidate amid the ongoing debt crisis since mid-2021.

Breaking supply chain news is just a click away at The Supply Chain Report. Enhance your knowledge of international trade at ADAMftd.com with free tools.

#ChinaEvergrandeGroup #Evergrande #DebtCrisis #HongKongCourt #Liquidation #FinancialMarkets #RealEstate #ChinaEconomy #SiuShawn #Natixis #PropertySector #Investors #Shareholders #CorporateFailure #ConstructionProjects #OffshoreInvestors #Restructuring #EconomicChallenges #CapitalMarkets #ChinaEvergrandeNewEnergyVehicleGroup #EvergrandePropertyServices #HongKong

ShareTweet

Subscribe Our Newsletter

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.