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Harneys Hong Kong instructed in multi-million dollar restructuring

16 January 2015

Harneys has been instructed by the largest creditor in the Cayman Islands restructuring of Dalian Rightway Real Estate Development Co. Ltd.'s US$446 million pre-IPO facilities.

The matter is of particular interest due to the many onshore and offshore structures within the Rightway group and the multi-jurisdictional litigation that continues to hinder the proposed restructuring and the implementation of a scheme of arrangement in relation to the group’s Cayman incorporated entity.

Harneys Partner Ian Mann and Counsel Chai Ridgers are advising on the matter.