As the crisis facing the world’s most indebted real estate company rages on, many experts have remained cautiously optimistic that the nightmare was under control. ( read original story ...)
Gowling WLG Launches in Shanghai, Takes Clydes’ China IP Practice and Inks Exclusive Relationship with Local Firm
Gowling WLG has launched a Shanghai office that will focus on providing intellectual property services. The firm has also taken the majority of Clyde & Co’s China IP practice to staff its mainland ... ( read original story ...)
China Steps up Funding Oversight of Evergrande Property Projects – Caixin
Several local governments in China have set up special custodian accounts for property projects of its most indebted developer, Evergrande, to protect funds earmarked for housing projects from being ... ( read original story ...)
China Wields New Legal Weapon to Fight Claims of Intellectual Property Theft
In four major cases since 2020, Chinese courts granted so-called anti-suit injunctions blocking foreign companies from taking legal action anywhere in the world to protect their trade secrets. ( read original story ...)
Alarmed by Evergrande, China’s lenders hold back on new credit for property developers
As fears of contagion from any default by China Evergrande Group mounted this month, some Chinese banks, insurers, and shadow banks stopped offering new credit to property developers, and ran urgent ... ( read original story ...)
Chinese Property-Management Sector’s Consolidation to Accelerate
The Chinese property-management (PM) sector’s consolidation will pick up in the next few years as homebuilders are expanding their market share quickly via M&A after the IPOs of their PM units in the ... ( read original story ...)
China shares end lower as materials weigh; property sector down
Around the region, MSCI's Asia ex-Japan stock index was weaker by 0.31%, while Japan's Nikkei index closed up 2.06%. ( read original story ...)