Renowned for its specialism in complex bankruptcy reorganisations and out-of-court restructurings, the King & Wood Mallesons practice has vast experience of representing publicly listed entities, large corporate groups, and financial institutions. The team displays significant cross-sector expertise, predominantly focusing upon the tourism, real estate and automobile fields, with the Shenzhen-based co-heads Kuncheng Zhao and Li Kai heavily specialising in insolvency and debt restructurings, alongside bankruptcy reconciliation proceedings. The other co-head, Le Wang, is knowledgeable on M&A restructuring from his base in Beijing, while Yanling Liu primarily focuses on debt crisis disposals. Also in Shenzhen, Fuxiang Wang is a litigation expert, and Nanjing-based Zhaohui Hao routinely acts for bond managers on special situation investment and bond default response.

Drawing upon its vast experience of being appointed as administrator in merger reorganisation cases and bankruptcy proceedings, Zhong Lun Law Firm’s lawyers are praised as being ‘professional’ and possessing ‘rich knowledge’. The firm regularly acts as legal counsel for strategic investors, major financial institutions, and real estate entities, alongside boasting close relations with the First Intermediate People’s Court of Beijing Municipality. Han Hao and Hong Li jointly lead the corporate department, while the Shenzhen-based bankruptcy head Shengfeng Xu has extensive expertise in administrative liquidations and reorganisation claims. From Beijing, Bing Wang stands out for her work in enforcement proceedings, and Shanghai’s Nafisa Nihmat is noted for her knowledge in M&A projects. Nanjing’s Qiang Li and Chengdu’s Yiheng Xu are also both cited as key contacts.

Deploying an array of lawyers specialising in handling bankruptcy reorganisations, debt restructurings, and NPA disposal, Dacheng is hailed as a ‘first-class team’ by its domestic and international clientele. The practice’s focus primarily rests on the industrial manufacturing, real estate, and finance spheres, and the service is further improved by the usage of ‘artificial intelligence tools’. From Beijing, Meili Gao stands out for her knowledge in liquidations and administrator cases, Ying Jian is highlighted for her multi-jurisdictional expertise, and Xiuchao Yin regularly supports companies in merger and reorganisation claims. Ting Zhang is an experienced bankruptcy lawyer, whilst both Chengdu’s Peisong Yang and Wuhan’s Tao Lyu are also noted as key contacts.

Displaying ‘unity, rigour, professionalism, and sincerity’, DeHeng Law Offices has vast knowledge in corporate bankruptcy reorganisation and liquidation cases, regularly acting as administrators and legal counsels. The team’s sector expertise is extensive, primarily covering the real estate, agriculture, and car rental industries, alongside demonstrating considerable insight in joint bankruptcy claims. From Beijing, Liya Fan brings in-depth knowledge in liquidations and enterprise debt restructurings to the outfit, Jianhong Chen concentrates on major reorganisations, and Chunlei Zhang is also highlighted as an integral partner. In Wenzhou, Da Lin stands out for his standardised corporate governance work, and Zhuoer Ye is noted for rescuing distressed companies.

The Fangda Partners team leverages its practitioners in finance, capital markets, and litigation to deliver bespoke advice in cross-border bankruptcy and restructuring proceedings, alongside complex insolvency matters. The firm is routinely appointed by the Chinese courts as a compulsory liquidation administrator and creditor representative, with practice head Nuo Ji being an expert in debt restructuring, particularly in the real estate and construction spaces. Kai Li and Guanbing Chen are recommended for enforcement liquidation and bankruptcy proceedings, Lingqi Wang is a seasoned litigation and arbitration lawyer, whilst Joyce Huang routinely acts for listed companies. Wang Zhang is also noted as a key port of call. All lawyers mentioned are Shanghai-based.

Frequently acting as administrator in bankruptcy cases and legal counsel for debtors, restructuring parties, and investors, the Global Law Office practice draws upon the expertise across its network of four offices in Beijing, Shanghai, Shenzhen, and Chengdu. The firm is well versed in handling cross-border restructuring and bankruptcy reconstruction proceedings, primarily in the banking sector, with the Beijing-based Jiuguang Zhao and Yunjian Hou specialising in bankruptcy liquidation and reorganisation matters. In Shanghai, Weiwei Gu regularly acts for major financial institutions and listed entities, whilst Chengdu’s Kunlin Wang is highlighted for his regulatory compliance knowledge. From Shenzhen, Eric Chen concentrates on both litigation and arbitration, while Xiaoni Qi stands out for her corporate restructuring work.

Described as ‘outstanding’, the AllBright Law Offices team deploys an offering centred around debt restructuring, bankruptcy liquidation, and special asset investments. The practice has experience of serving as the administrator in complex bankruptcy reorganisations, with the team leader Yukun Zhang routinely acting for government institutions and foreign listed companies from his bases in Nanjing. From Shanghai, Linhai Zhu primarily focuses on bankruptcy proceedings, and Lili Jia covers disposals of non-performing assets from Tianjin. Shanghai’s Lianfang Fu focuses on Chinese and foreign-funded corporate restructuring and mergers.

With a strong track record of providing advice to shareholders, creditors, and debtors, the JunHe practice has in-depth expertise in complex debt restructurings and the administration of distressed financial businesses. Beijing-based Li Yang and Jing Lian excel in handling corporate bankruptcy reorganisations and liquidations, in tandem with distressed M&A, while in Shanghai, Zhengdong Liu is an expert in insolvency litigation proceedings, and Min Zhao predominantly represents domestic and foreign creditors. Catherine Miao has insight into special situation investments and Ming Dong is also a name to note.

Hui Ye Law Firm stands out for its handling of bankruptcy litigation cases- routinely serving as administrators- while concentrating on the retail, tech, and professional services sectors. The Shanghai-headquartered firm has significant strength in debt restructuring and insolvency affairs, with Xuehong Luo being an expert in insolvency liquidation and derivative litigation, while Longbing Ding is knowledgeable in M&A and reconstruction matters. Xianwei Zhang concentrates on the settlement of civil and commercial disputes, and Ling Gong acts for multinational corporations.

Being specialists in bankruptcy reorganisations and the disposal of special assets, the Hylands Law Firm practice has niche expertise in the steel and energy industries, representing Chinese and multinational clients. The team is spearheaded by the trio of Xu Yu, Liping Qin, and Xiao Han, bringing extensive insight into all aspects of commercial litigation, complex restructurings, and financing projects. Jiehua Rui primarily focuses on debt-to-equity initiatives, whilst Zhou Fan concentrates on international trade disputes.

Specialising in compulsory liquidation, corporate reorganisations, and M&A restructuring, the Jincheng Tongda & Neal Law team frequently represents domestic and international clients from across the automobile, real estate, and banking sectors. Shanghai-based practice head Gao Feng excels in corporate governance and bankruptcy litigation claims, in Beijing, Bo Meng is knowledgeable in commercial disputes, and Shenzhen-based Lei Jia is primarily focused on liquidations.

Overseeing complex loan restructurings, bankruptcy investigations, and insolvency proceedings, Jingtian & Gongcheng is hailed as being ‘highly specialised’ by its client-base of private equity funds and property development corporations. Bringing a ‘wealth of experience’ to the practice, team leader Bangwei Xu  splits his time between Guangzhou and Beijing, while Hangzhou-based Zhenxiang Wang is recommended om major asset restructuring, disposal of non-performing loans and insolvency matters.

Kangda Law Firm has in-depth expertise in all elements of bankruptcy liquidation and restructuring matters, consistently advising real estate multinationals and major financial institutions. From Beijing, Wei Peng regularly acts for creditors in bankruptcy cases, Shenyang-based Lei Lei specialises in company formation and mergers, while Lv Jing is an expert in company equity and contractual disputes, operating out of Chengdu. Beijing-based Dahai Zhou is also highlighted as a key name to note for restructuring, insolvency and commercial disputes.

Showcasing vast experience in acting as administrators for enterprise bankruptcy cases in Beijing and handling corporate bankruptcy reorganisations, Tian Yuan Law Firm primarily represents debtors and shareholders . Based out of Beijing, Yukai Zhang specialises in corporate, securities, and bankruptcy matters, Guan Huang stands out for his commercial litigation and arbitration experience, and Weil Li is highly regarded for his bankruptcy litigation focus. Xiaodong Zhu oversees complex financial disputes, and Chengdu-based Zhang Jie is also noted.

Operating out of both Beijing and Shanghai, Richard Ma spearheads the DaHui Lawyers team which is regularly instructed in the termination and liquidation of joint ventures, primarily in the automotive, aviation, and TMT sectors. Ma advises US and UK investors, in addition to multinational companies in the TMT space, Zheng Zha is an M&A and corporate finance expert, and Shanghai’s Joanna Jiang is knowledgeable in the entertainment and healthcare spheres.

Handling a multitude of cases concerning bankruptcy, reorganisation, and asset restructuring, the Beijing Highking Law Firm has a strong record of acting for major real estate conglomerates and Chinese investment managers. Operating out of Beijing, team leader Qinghua Zhang is renowned for her cross-border debt restructuring and compliance rectification work. Zhanpeng Xi has experience in the disposal of bad assets, while Zhiqiang Geng focuses on bankruptcy liquidation predominantly.

Consistently engaging in corporate liquidations and restructurings, the team at Guantao Law Firm acts for service creditors and reorganisation investors. Operating out of Dalian, Yucheng Jin co-heads the practice, specialising in all aspects of compulsory liquidation and asset investment of bankrupt enterprises, while Xiamen-based Yansheng Li routinely handles enterprise merger and major reorganisations. Guang Yang primarily acts for banks and other financial institutions, and Shaosong Sun is noted for his dispute resolution work.

Spearheaded by Liaofeng Lu and Li Zhu, the Hangzhou-headquartered T&C Law Firm has expertise in all aspects of bankruptcy and reorganisations, predominantly focusing on the real estate, pharma, and finance sectors. Lu is an expert in complex disputes, Zhu is highly praised for his bankruptcy restructuring knowledge, while both Yu Wang and Biqiong Hua are also names to note.