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Home / Metal News / Sunac Applied To The US Court For Chapter 15 Certification On The Restructuring Of US Dollar Debt

Sunac Applied To The US Court For Chapter 15 Certification On The Restructuring Of US Dollar Debt

Sep 19, 2023 21:33

On September 19, the reporter learned that Sunac applied to the US court for Chapter 15 certification on the restructuring of US dollar debt to obtain recognition from the US court for the restructuring of Sunac’s arrangements in the Hong Kong court.

On September 19, the reporter learned that Sunac applied to the US court for Chapter 15 certification on the restructuring of US dollar debt to obtain recognition from the US court for the restructuring of Sunac’s arrangements in the Hong Kong court. According to informed sources, since Sunac’s US dollar bonds are governed by New York law in the United States, Sunac’s debt restructuring in Hong Kong must obtain US Chapter 15 certification to ensure its validity in the United States.

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