![Headquarters of China Evergrande Group in Shenzhen](https://cloudfront-us-east-2.images.arcpublishing.com/reuters/MDZW65E7IJI37LXQ7NK7UWAZ4I.jpg)
The corporate emblem is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Tune/File Photograph Acquire Licensing Rights
Aug 18 (Reuters) – Embattled property developer China Evergrande Group (3333.HK) mentioned on Friday its software to the U.S. Courtroom for chapter safety is a traditional process for offshore debt restructuring and doesn't contain a chapter petition.
The corporate clarified that its U.S. dollar-denominated notes are ruled by New York legislation and it has utilized to the U.S. Courtroom below Chapter 15 of the US Code for approval of the association below the offshore debt restructuring.
Reporting by Roushni Nair in Bengaluru
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