Evergrande Creditors Brace for Battle on Offshore Assets (1)

Kirkland & Ellis and Moelis & Co. are working on contingency plans with offshore holders of China Evergrande Group’s bonds who fear the struggling company may sell assets that they’re counting on to back up their claims if the business collapses.

The law firm and the New York-based investment bank are advising a group that so far includes six members holding $2.5 billion of Evergrande offshore bonds, a Moelis managing director said on a call with bondholders Friday. They’ve been trying to engage with Evergrande and its advisers since Sept. 16, sending letters asking for information about the company’s ...