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Headlines
Evergrande Liquidators Get Initial Offers for Control of Property Services Arm
The liquidators of China Evergrande Group have received non-binding indicative offers for the developer’s majority stake in its property management arm, and potential bidders will be invited to submit final offers as soon as…
India's Supreme Court Calls for IBC Overhaul, Seeks Revival Fund for Stressed Real Estate Projects
The Supreme Court on Friday suggested major reforms in the Insolvency and Bankruptcy Code "to restore faith in the regulatory and insolvency framework,” even as it urged the government to come up with a revival fund to provide…
Russia Plans Bankruptcy Moratorium to Shield Struggling Steelmakers
Russia’s government is preparing a moratorium on bankruptcies in the metals sector to support heavily indebted companies hit by sanctions and high borrowing costs, the Kommersant business daily reported Wednesday, citing draft…