Dissolution/bankruptcy/reorganization of company is one of the core businesses of the Firm and it enjoys dominant industry position in such business field
As important ways for enterprises to exit market, reorganize layout or realize rebirth out of impasses, dissolution, bankruptcy and reorganization have been common in listed and non-listed companies. The Firm’s lawyers have rich experience in dissolution, bankruptcy and reorganization of company as well as practice experience. There is a powerful work team, composed of lawyers, accountants, tax agents, appraisers, assets management company, etc., which maintains good work-related communication with relevant judicial organs.
Dissolution, bankruptcy and reorganization businesses undertaken by the Firm’s lawyers include those provided for a number of listed and non-listed companies such as the listed companies Tianyi Science & Technology, Tianfa Petroleum, Jianghu Ecology, etc.. Accumulated value of the assets disposed reaches over RMB 6 billion, and number of staff emplaced reaches over 3,000 persons. Among these companies, two listed companies Tianyi Science & Technology and Tianfa Petroleum have successfully implemented bankruptcy reorganization and set a precedent for bankruptcy reorganization in domestic listed companies.
We provide the following legal services:
o Acceptance of appointment as company’s liquidation legal adviser, to design liquidation plans, debt collection plans, debt repayment plans, assets disposal plans, staff placement plans, etc.
o Provision of assistance for enterprises in demonstrating or selecting the occasions and plans for bankruptcy or reorganization and designing bankruptcy plans, reorganization plans, debt restructuring plans, equity restructuring plans, assets restructuring plans, reconciliation plans, etc.
o Acceptance of appointment by company as member of liquidation team as well as assignment by the people’s court as trustee in bankruptcy and member of liquidation team in case of company’s compulsory liquidation
o Introduction of strategic investors
o Provision of assistance in evaluating proposals and plans put forward by different investors and financial advisers
o Provision of assistance in obtaining relevant approval from government authorities
o Participation in reorganization or bankruptcy liquidation of company as legal adviser of company, reorganizer, shareholders, enterprise employees or government departments, etc.
o Filing of bankruptcy petition as an agent of creditors, debtors and other related parties
o Application to people’s court for compulsory company dissolution and compulsory liquidation as an agent of shareholders
o Participation in bankruptcy reorganization and bankruptcy liquidation procedure as legal adviser of subjects such as creditors, persons enjoying recall rights, etc.
o Acceptance of commission by regulatory departments to participate in risk disposal of financial institutions such as securities companies, trust companies, etc.
o Due diligence investigation and provision of assistance in obtaining a third party’s consent or waiver
o Debt restructuring and debt-to-equity swap arrangement of bank
o Assumption of the position of legal adviser of creditors, company’s bond holders, lessors, suppliers and other related parties
o Bankruptcy consulting process, procedure for exercise of right of revocation, claim and dispute
o Application for and confession of relevant judgments and awards by court as an agent of domestic or foreign parties concerned
o Participation in bankruptcy proceedings and execution procedures