its outstanding debt. of course, evergrande has more than $300 billion worth of liabilities, reportedly, and it has been trying to come up with this restructuring plan and the judge has been postponing the decision up until now. whether or not this process will be followed remains to be seen because i have been speaking to a pot of expert to say that despite the one country to system slogan there are some thorny jurisdiction system slogan there are some thornyjurisdiction issues. so, even though, if this report is concerned, the liquidator will be appointed by a hong kong court, whether or not beijing would then recognise those liquidators remains to be seen. having said that, the ruling is confirmed is really significant and it will send a shockwave through china s financial markets because for many decades the real estate sector has been a main driver of china s economic growth and also there have been many other developers which have been defaulting just like evergrande, a
we can now speak to neama rahmani, who s a former federal prosecutor and currently president of west coast trial lawyers. thank you forjoining us. talk us through the mechanics of this case, what is being argued? this case, what is being arrued? i. .,, , argued? everyone has been talkin: argued? everyone has been talking about argued? everyone has been talking about this argued? everyone has been talking about this divorce i argued? everyone has been. talking about this divorce but this is not a family law case, this is not a family law case, this is not a family law case, this is a partnership dispute or breach of contract case between business partners. they own the winery, before they were married, during their marriage and they still own it together so now they are trying together so now they are trying to split up this partnership, unfortunately, we are seeing litigation. unfortunately, we are seeing litiuation. ., unfortunately, we are seeing litigation- litigation. you say
analyse them? i am absolutely happy to provide the analyse them? i am absolutely happy to provide the clinical analyse them? i am absolutely happy to provide the clinical advice - analyse them? i am absolutely happy to provide the clinical advice on i to provide the clinical advice on which these decisions were taken, yes. which these decisions were taken, es. ., y ., which these decisions were taken, es. ., ,, ~ which these decisions were taken, es. ., , , ~ ., yes. not your responses, mr hancock? i don t understand. yes. not your responses, mr hancock? i don t understand. would yes. not your responses, mr hancock? i don t understand. would you - yes. not your responses, mr hancock? i don t understand. would you be i i don t understand. would you be reared i don t understand. would you be prepared to i don t understand. would you be prepared to publish i don t understand. would you be prepared to publish your- i don t understand. would you be prepared to publish your writt