On Monday, 29 Janunary, a Hong Kong court ordered the liquidation of the world’s most indebted developer, China Evergrande Group. “Enough is enough,” said Judge Linda Chan as part of her verdict, appointing New York-based management consulting firm Alvarez & Marsal (A&M) to carry out liquidation proceedings for the Guangzhou-based developer. A&M leaders said they would try to maximise how much of the company can be “retained, restructured, and remain …
