Law.com International has recognized a Sidley matter, Kaisa Group’s US$12.3 billion debt restructuring, as the “Restructuring and Insolvency Matter of the Year” at the Asia Legal Awards 2025. The annual Asia Legal Awards honor the most significant transactions, cases, and work that have shaped the legal industry across Asia.
Sidley acted as the international legal adviser to Kaisa Group Holdings Ltd. (HKEX: 1638, Kaisa), a leading Chinese real estate developer, in its restructuring of approximately US$12.3 billion in offshore debt. This is the largest offshore debt restructuring of a Chinese real estate company that has been sanctioned to date.
Sidley played a significant role in navigating the holistic restructuring through constructively engaging with creditors to facilitate a consensual restructuring proposal and advising on new and novel debt instrument documents. This matter again demonstrates both Sidley’s unmatched expertise in advising Chinese real estate companies in large-scale offshore debt restructurings and our team’s ability to manage and deliver complex restructuring transactions.
The multidisciplinary Sidley team was led by partner Renee Xiong, based in the firm’s Hong Kong office, and involved a cross-border team working across several practice areas and offices.
