China Builders With Upcoming Lawsuits Got a Wake-Up Call

China Builders With Upcoming Lawsuits Got a Wake-Up Call

Assessment

Interactive Video

Business, Social Studies

University

Hard

Created by

Quizizz Content

FREE Resource

The video discusses the court-ordered liquidation of Jallian International, highlighting its unique public restructuring efforts compared to other companies like Cynic and Yango. Despite these efforts, the court deemed Jallian's restructuring plan insufficient. This serves as a warning to other developers about the importance of concrete restructuring plans. The video also mentions upcoming cases involving other developers, such as Logan, and the potential impact of these cases on the industry.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What made Jallian International's case different from previous developer liquidations?

It successfully restructured its debt.

It had launched public efforts to restructure its debt.

It was the first developer to face liquidation.

It was not involved in any public efforts.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why did the court reject Jallian's restructuring proposal?

The proposal was too expensive.

The proposal was not concrete.

The proposal was too late.

The proposal was not submitted.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What lesson does Jallian's case provide to other developers?

They should not worry about court decisions.

They must present concrete restructuring plans.

They can delay restructuring indefinitely.

They should avoid public restructuring efforts.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which developer is next in line for a court decision regarding restructuring?

Evergreen

Sunak

Logan

Cynic

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main concern for developers like Logan in their restructuring efforts?

No need for restructuring

Too many creditors

Excessive public proposals

Lack of public proposals