Cayman court orders solar company’s liquidation, as creditors blame Chinese restructuring for default
Solar Panels - Credit: iStock.com/Catalin205 (Credit: iStock.com/Catalin205)
A court in the Cayman Islands has ordered the winding up of solar panel manufacturer LDK Solar, just over a year after it completed a novel cross-border restructuring process in Cayman, the US and Hong Kong – with creditors blaming a recent Chinese domestic restructuring for scuppering the previous deal.
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