China’s Property Crisis May Be at a Turning Point, But Hurdles to Recovery Remain
By Neil McDonald, Partner & Mavis Sun, Associate, Kirkland & Ellis
More than 18 months since the debt crisis of China’s property sector started unravelling, its lingering effects remain in the spotlight and continue to be the main focus of the debt restructuring community in this part of the world.
At least 50 Chinese developers have defaulted since 2021...
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Neil McDonald heads Kirkland & Ellis’ Asia Restructuring practice. Bringing years of experience, a broad knowledge base, and polished strategic skills, he advises on an expansive range of issues that arise in the restructuring and insolvency of troubled companies. He also advises financial institutions, insolvency appointment holders, turnaround management firms, and hedge funds in distressed situations. The Legal 500, Chambers Greater China and IFLR1000 recognized McDonald as a “market leader” in restructuring and insolvency.
Mavis Sun is an associate in the Restructuring group at Kirkland & Ellis based in Hong Kong. She has experience acting for corporations, creditors, distressed investors, insolvency office holders, and other financial stakeholders across a range of non-contentious and contentious cross-border restructuring, insolvency, and special situations matters in Asia.
