Chinese Creditors Turn to Hong Kong Courts to Enforce Rulings

Chinese creditors who have struggled to recover funds from distressed property developers on the mainland are increasingly turning to Hong Kong courts in their quest for repayment.

The latest in a string of recent cases involves the chairman of Sunac China Holdings Ltd., who is being sued in Hong Kong by one of the company’s suppliers. Beijing Oriental Yuhong Waterproof Technology Co. is asking the court to enforce an onshore ruling against Sun Hongbin from last year, in which he was ordered to pay out more than 418.5 million yuan ($61.3 million), according to judicial documents seen by Bloomberg.