Bankruptcy Reorganization

• Served as a core member of the joint administrator team in the bankruptcy reorganization of Yuhang Financial Holding, involving approximately RMB 5 billion in debt and reportedly the first bankruptcy reorganization of a state-owned financial holding platform company in China

• Served as a core member of the joint administrator team in the bankruptcy proceedings of Zhoushan Haozhou Group and 11 affiliates, selected among Zhejiang's Top 10 Guiding Bankruptcy Cases of 2019 and the Zhejiang Provincial Bankruptcy Administrators Association's Top 10 Outstanding Duty Performance Cases of 2019

• Served as legal counsel to the administrator in the consolidated bankruptcy reorganization of Shandong Quanlin Group and 22 affiliates, selected among Shandong Province's Top 10 Guiding Bankruptcy Trial Cases of 2021

• Served as legal counsel to the administrator in the bankruptcy reorganization of Fengli Group and 28 affiliates, involving more than USD 14 billion in debt and recognized with a 2016 Outstanding Transaction award by China Business Law Journal

• Advised an investor in the bankruptcy reorganization of Jiangsu Akcome Industrial Group Co., Ltd., associated with listed company Akcome Technology (002610.SZ), designing an investment plan and facilitating the transition from pre-reorganization to reorganization, which was completed in four months

• Served as legal counsel to the largest creditor and as a member of the creditors' committee in the bankruptcy reorganization of listed company Tianhai Defense (300008.SZ), helping advance a reorganization plan under which the client ultimately received a satisfactory recovery in shares

Bankruptcy-Related Litigation

• Represented insolvent debtor Shanghai Xintai International Trade Co., Ltd. in opposing an application by Lai Bao International Pte Ltd. to a Shanghai court for recognition and enforcement of a Singapore International Arbitration Centre (SIAC) award, resulting in what was reportedly the first refusal by a Shanghai court to recognize and enforce a foreign arbitral award

• Represented a shipowner, time charterer, and voyage charterer associated with insolvent debtor Fung Lap, in cooperation with foreign counsel, in claims against the cargo interests arising from the arrest of Fung Lap No. 1 at an Indian port following alleged falsification of a bill of lading; the matter involved proceedings in India, Hong Kong, Singapore, and China's mainland and resulted in an award of USD 1.88 million

• Represented a shareholding platform held by domestic creditors, working with Zhong Lun's Hong Kong office to oppose an individual creditor's attempt to enforce against the debtor's assets in Hong Kong and safeguard the equitable treatment of domestic and foreign creditors

Cross-Border Distressed Asset Investments

• Represented the Chinese investment platform of a leading US-dollar fund in multiple significant and complex non-performing asset investments in China

• Represented a client in acquiring a secured claim from a financial institution, restructuring the debt and introducing an industrial investor with construction and development capabilities for an urban redevelopment project in Shenzhen, involving mainland real estate mortgages, Hong Kong share pledges, enforcement and settlement proceedings, and debt and asset restructuring

• Represented a client in acquiring property-backed financial claims relating to a real estate project in Hainan and securing repayment following a debt restructuring

• Assisted a client in providing financial support to a leading data center operator through the acquisition of two secured debt instruments, restructuring the debt to facilitate the operator's Hong Kong listing and preserving the client's preferential share subscription rights upon capitalization

• Represented a client in acquiring nearly 1,000 non-performing individual mortgage claims from financial institutions, restructuring the asset portfolio and addressing foreign investment access, personal information protection, debt collection and assignment notification requirements; also designed a structured return arrangement to introduce mezzanine investors and subordinated asset disposal parties

• Advised the Hong Kong provisional liquidator of Hong Kong-listed China Yuanchang (00155.HK) on the acquisition of two photovoltaic power plants in Xinjiang and Gansu, asset restructuring, and the company's resumption of trading in Hong Kong

• Represented a major state-owned enterprise, the largest creditor in China in the SunEdison bankruptcy, working with New York counsel to secure key supplier status and priority payment of the client's claims in the US bankruptcy proceedings, and subsequently advised on the acquisition of SunEdison's assets in China