Hong Kong billionaire faces bankruptcy as court rejects “absurd” duress and abuse claims
Pan Sutong throwing the first ball at the Snow Polo World Cup in 2013 (Credit: WikimediaCommons/Winteamb)
A Hong Kong court has authorised the filing of a bankruptcy petition against prominent local billionaire Pan Sutong and wound up a company he controls, finding their claims of duress, breaches of mainland Chinese law and abuse of process against the Chinese state-owned petitioner rang “hollow” and were “practically moonshine”.
To read more
Subscribe to Global Restructuring Review
Register for limited access
Register to receive our newsletter and gain limited access to subscriber content.
Register now
Subscribe to unlock unlimited access
Get news, unique commentary, expert analysis and essential resources from the Global Restructuring Review experts.
Subscribe now