trending Market Intelligence /marketintelligence/en/news-insights/trending/t45pasQeRyWIDg0eK2XkxQ2 content esgSubNav
In This List

Kaisa clarifies Chapter 15 petition filing in US bankruptcy court

Blog

Gauging Supply Chain Risk In Volatile Times

Blog

The Future of Risk Management Digitization in Credit Risk Management

Blog

Climate Credit Analytics: Diving into the model

Video

How to use ESG Heat Maps in Credit Risk Analysis


Kaisa clarifies Chapter 15 petition filing in US bankruptcy court

clarifieda recent report about its filingof a Chapter 15 petition in a U.S. bankruptcy court related to its proposed offshoredebt restructuring.

The company'sfiling seeks the court's acknowledgment of Kaisa's negotiations with creditors underthe Hong Kong and Cayman Islands schemes, according to a release. The schemes serveas the basis for implementing the company's proposed offshore debt restructuringplan.

Kaisaissued the clarification as media reports surfaced concerning the filing of thepetition. The U.S. court's "grant of the recognition order" is essentialfor the debt restructuring, as it serves as one condition to the schemes, accordingto the company.