The issues have been analyzed already:
From, [1], > First and foremost is the realization that actual asset seizures are a very rare occurrence. [...] Instead, we find those debt renegotiations usually involve a more balanced outcome between lender and borrower, ranging from extensions of loan terms and repayment deadlines to explicit refinancing, or partial or even total debt forgiveness (see Figure 1).
To address the Ski Lankan port issue, [2]: > Privatizing 70% of Hambantota to CM Ports for $1.1 billion was one way in which foreign exchange could be brought into the country, allowing a balance of payments crisis to be staved off. It was not an asset seizure.
[1] https://rhg.com/research/new-data-on-the-debt-trap-question/ [2] http://www.chinaafricarealstory.com/2019/07/did-china-seize-...