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Keyword

Practices
Bankruptcy and Liquidation
  • Overview

    This group is practicing corporate bankruptcy, liquidation and reorganization many years. Attorneys in the group once participated in the drafting of Enterprise Bankruptcy Law of the People’s Republic of China, and writes bankruptcy guideline for All-China Lawyers Association, enabling the office to hold an advantage position in legal affairs related to bankruptcy and liquidation.

     

    1) Corporate liquidation


    1.Corporate dissolution: counseling, decision-making, application, lawsuit, liquidation, etc. 


    2.Voluntary liquidation: counseling, decision-making, application; liquidation group; liquidation documentation; announcement and notifying creditors; investigating creditor’s rights; assets clearance; recovery of creditor’s rights; staff settlement, lawsuit, report, property distribution; procedure of voluntary liquidation transferred to bankruptcy liquidation, etc. 


    3.Compulsory liquidation: counseling, stockholder application and lawsuit; creditor application and lawsuit; liquidation group; announcement and notifying creditors; review and opposition of creditor’s right; asset clearance; recovery of creditor’s rights; staff settlement, lawsuit; report, property distribution; pending lawsuits after the procedure of compulsory liquidation terminated; the procedure of compulsory liquidation transferred to bankruptcy liquidation, etc.   

     

    2) Corporate Bankruptcy


    1.Bankruptcy liquidation: application of bankruptcy liquidation, application of bankruptcy liquidation of the debtor’s corporation by creditor; opposition to application; liquidation group; manager; announcement and notifying creditors; creditor meeting; check, review and opposition of creditor’s right; asset clearance; recovery of creditor’s rights; staff settlement, lawsuit; property disposal scheme; property distribution scheme; procedure of bankruptcy liquidation transferred to bankruptcy reorganization; termination of bankruptcy liquidation procedure; pending lawsuits after bankruptcy liquidation procedure terminated, etc.


    2.Bankruptcy reorganization: voluntary application; application of bankruptcy and reorganization of the debtor’s corporation by creditor; opposition to bankruptcy reorganization application; liquidation group; manager; bankruptcy liquidation transferred to bankruptcy reorganization, corporate property and operation management; announcement and notifying creditors; creditor meeting; creditors meeting; check, review, and opposition of creditor’s rights; reorganization plan draft and investors; reorganization plan draft and creditors; reorganization plan draft and sponsors; reorganization plan draft and staff; grouped vote of reorganization plan draft; approval for reorganization plan draft; execution of reorganization plan; non-execution or non-executable of reorganization plan; bankruptcy reorganization transferred to bankruptcy declaration, etc..

     

    3.Bankruptcy reconciliation: application; bankruptcy liquidation transferred to bankruptcy reconciliation; settlement agreement draft; manager; property guarantee; vote for passing settlement agreement draft; execution of reconciliation agreement; non-execution and non-executable of reconciliation agreement; reconciliation agreement transferred to declaration of bankruptcy, etc.

     

    3) Related issues about corporate liquidation and bankruptcy


    1.Corporate trusteeship: management trusteeship of daily routines after corporate closure; trusteeship of corporate property, seals, account books, documents and other materials, etc.

     

    2.Affairs related to industrial and commercial tax: regulatory review of corporate financial books; corporate accountancy; corporate tax returns; industrial and commercial annual inspection; tax write-off; industrial and commercial cancellation, etc.

     

    3.Responsibilities in corporate liquidation, bankruptcy and reorganization: charging from applicant stockholder to actual controller stockholder; charging from creditor to stockholder and executive; charging from liquidation group and manager to stockholder and executive; charging from creditor and stockholder to liquidation group and manager; charging from interested party which is related to procedures of corporate liquidation, bankruptcy and reorganization. 

  • Professionals

6-8F, New Era Building, No. 26 Pinganli Xidajie
Tel: +86-10-66091188

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