Hong Kong Court Names Alvarez & Marsal Evergrande Liquidator

(Bloomberg) — A Hong Kong High Court judge has appointed Alvarez & Marsal Holdings LLC as the liquidator for China Evergrande Group, after giving a wind-up order that sets the stage for one of China’s biggest liquidation cases.

Judge Linda Chan’s appointment of restructuring consulting firm Alvarez & Marsal, whose past cases include Lehman Brothers Holdings Inc., came at a so-called regulating order hearing on Monday afternoon. A regulating order gives the court regulatory power over the winding-up process, according to Hong Kong law.