Liuhe Law Firm was included in the first batch of bankruptcy administrators designated by the Zhejiang High Court in 2007, achieving the status of provincial-level (Class One) administrator. The firm is also a Vice-President unit of both the All China Lawyers Association and the Zhejiang Lawyers Association, reflecting its leadership and expertise in this field. To further enhance its specialised services, Liuhe established the Bankruptcy Management and Debt Restructuring Department in 2008, which is organised into three key practice groups: Bankruptcy Management, Company Dissolution and Liquidation, and Debt Restructuring. Each bankruptcy case is handled by a dedicated team, tailored to the specific requirements of the matter at hand.
Bankruptcy Management
Overview
The Bankruptcy Management Group consists of 53 professionals, including directors, partners, and dedicated lawyers, distributed across 10 teams. The group is well-versed in handling complex, multi-industry bankruptcy matters, providing expert services in sectors such as real estate, capital markets, transportation, hospitality, agriculture, machinery, and digital technology. The team has successfully managed numerous large-scale bankruptcy liquidation, reorganisation, and settlement cases, many of which have been recognised as model cases by the courts, earning accolades for outstanding performance.
· Appointed as Court-Designated Administrators: Acting as bankruptcy administrators as appointed by the court.
· Legal Advisory to Bankrupt Companies: Offering legal advice in filing bankruptcy petitions, and developing reorganisation or settlement plans to protect the debtor's rights.
· Asset Liquidation and Distribution: Providing guidance on the liquidation, evaluation, and distribution of assets while developing restructuring plans.
· Creditors’ Representation: Offering legal consultation to creditors involved in bankruptcy proceedings.
· Strategic Investor Advisory: Assisting strategic investors with legal advice during the acquisition or restructuring of bankrupt companies.
· Additional Bankruptcy Management Services: Other services related to the management and resolution of bankruptcy cases.
The Company Dissolution and Liquidation Group comprises 19 skilled professionals, including partners, full-time lawyers, and legal assistants, with extensive interdisciplinary knowledge. The group handles complex dissolution and liquidation cases across industries such as real estate, transportation, manufacturing, and digital technology. It frequently acts as court-appointed liquidators for large enterprises, managing every aspect of the dissolution process.
· Dissolution Advisory: Providing legal guidance throughout the dissolution process.
· Court-Appointed Liquidation Services: Acting as court-appointed liquidators to oversee company dissolution.
· Third-Party Coordination: Managing the involvement of external parties during the liquidation process.
· Specialised Legal Consultation: Offering expert legal advice regarding company liquidation.
The Debt Restructuring Group is composed of 34 experienced professionals who specialise in managing debt restructuring cases. The group advises distressed companies, creditors, and investors, helping resolve financial crises, maximise core value, and develop optimal restructuring plans. The team also works closely with local governments, providing solutions to address regional debt crises and improve the business environment.
· Crisis Management for Distressed Companies: Designing and implementing crisis management and restructuring plans for distressed companies.
· Government Advisory Services: Providing legal advisory services to governments and government platform companies to enhance the business environment and resolve debt crises.
· Investor Services: Facilitating financing and providing legal services for both industrial and financial investors.
· Additional Debt Restructuring Services: Offering full legal support for corporate debt restructuring.
