Evergrande's Shadow Over Hong Kong's High Court The recent decision by Hong Kong's High Court to reject a lawyer's request to use funds controlled by liquidators to pay legal costs for embattled Chinese property company Evergrande's founder, Hui Ka Yan, is the latest chapter in a saga that has captivated investors and observers worldwide.
The rejection may seem like a minor procedural matter, but it speaks volumes about the complex web of interests at play in the case.
The parallels between the 1990s Asian financial crisis and the current Evergrande debacle are striking.