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China Sued for Property Losses - Bondholders Launch Legal Action Over Guarantees By State Companies - Joe Blogs
In this video I discuss legal action which is being pursued by BONDHOLDERS of Chinese Debt in the Hong Kong Courts against STATE OWNED COMPANIES that provided GUARANTEES for the borrowers. If this legal action is successful it have the potential to open the floodgates for a myriad of legal claims against China for BILLIONS of losses in the Property Sector.
Chapters:
0:00 Intro
3:48 CHINA SOUTH CITY
5:44 DEBT RESTRUCTURING
9:23 DEBT DEFAULT
12:06 LEGAL ACTION
12:54 SUMMARY & CONCLUSION