Corporate debt restructuring and bankruptcy liquidation are among the key practice areas at Lifang & Partners. Since 2018, Lifang & Partners has been deeply involved in a high-profile case of a listed company's bond default and subsequent debt crisis, which culminated in a successful bankruptcy reorganization in December 2020. Throughout this process, we accumulated practical experience in assisting listed companies in resolving debt crises and utilizing reorganization procedures for debt restructuring. Lifang & Partners has assembled a debt restructuring team with partners and senior lawyers from Beijing, Shanghai, Wuhan, Shenzhen, and other locations, who have extensive experience in securities and capital markets, corporate and commercial disputes, and taxation. The debt restructuring team at Lifang is committed to providing comprehensive, efficient, and high-quality legal services to clients. This includes offering advice and assistance to distressed enterprises in managing debt crises, engaging in out-of-court negotiations, agreements, and discussions, conducting bankruptcy reorganizations and liquidations through judicial proceedings, as well as resolving disputes arising from bankruptcy procedures.

• Conducting due diligence on companies in distress and proposing corresponding solutions

• Representing creditors or debtors in applying to the People's Court for bankruptcy of the debtor

• Serving as legal counsel for creditors, debtors, shareholders or reorganizers in the reorganization, bankruptcy, and liquidation of listed or unlisted companies

• Interfacing with courts, bankruptcy administrator, creditors and other parties

• Preparation of documents such as property realization and disposal plan, property distribution plan, etc.

• Representation in derivative litigation in bankruptcy proceedings