The debt restructuring and non-performing assets practice at Zhong Lun Law Firm has a deep bench of dedicated practitioners across Shanghai, Beijing, Shenzhen and Quingdao, who are frequently retained to handle complex high-profile cases. Often acting as the court-appointed administrator of major listed companies, distressed businesses and financial institutions, the group excels in restructurings, reorganisations, and investments in non-performing assets. From Nanjing, reorganisation and non-performing assets expert Jianhui Tang heads up the team, which includes Shenzhen-based Shengfeng Xu and Bing Wang in Beijing, who together have extensive experience in handling debt restructuring and reorganisations for large listed companies. Shanghai-based Nafisa Nihmat is another key name.

DeHeng Law Offices‘ enterprise rescue and bankruptcy team regularly assists domestic companies, state-owned enterprises and foreign-owned businesses with rescue plans and reorganisations. The group is active in a wide range of sectors, including construction, manufacturing, real estate and chemicals, and is noted for its involvement in the drafting and interpretation of insolvency laws. Practice head Liya Fan has extensive experience in handling M&A restructuring and reorganisations for medium and large enterprises. Fan works alongside Chunlei Zhang, who is recommended for liquidations and reorganisation plans, and founding partner Dingku Jiang in Wenzhou, who handles matters from pre-restructuring to judicial restructuring.

The Shanghai-based team at Fangda Partners is a popular choice for international bondholders, secured and unsecured creditors and financial institutions, which seek out the team for advice on Chinese bankruptcy laws and assistance with onshore restructuring proceedings. Noted for its considerable complex insolvency cases, the group is often appointed as administrator or liquidator by the courts. Nuo Ji overseas the practice and is recommended for cross-border insolvencies, investment in distressed assets and dispute resolution. Kai Li has extensive experience in handling reorganisation plans for listed companies. Lingqi Wang is also a name to note who often acts as an administrator in large complex insolvency cases.

With offices in Beijing, Shanghai, Shenzhen and Chengdu, Global Law Office is geared to deal with insolvency cases across China. In addition to acting as appointed administrator, the practice is frequently sought after to represent financial institutions and creditors in contentious and non-contentious restructurings and reorganisation plans. From Beijing, Jiuguang Zhao assists listed companies, state-owned enterprises, banks and trust companies with liquidation and dissolution matters alongside Yunjian Hou. In Shanghai, Weiwei Gu focuses on dispute resolution, compliance matters and reorganisations. Also recommended is Shenzhen-based M&A and reorganisation specialist Eric Chen.

JunHe LLP is geared to handle a wide range of matters, including debt restructuring, voluntary and compulsory liquidation, restructuring M&A and investments in distressed businesses. Its sectorial presence is equally broad, with its recent caseload originating in the real estate, manufacturing, retail and telecom segments. Often acting for creditors, the group is well versed in assisting international clients with protecting their domestic investments in liquidation proceedings. In Beijing, Yang Liu, who has extensive experience in reorganisations and out-of-court restructurings, heads up the practice alongside Shanghai-based Zhengdong Liu. Shanghai-based Ming Dong is recommended for cross-border insolvency cases.

DaHui Lawyers is particularly active in the financial services, telecoms and tech sectors, where it assists multinational companies in reorganising their operations in China. Noted for its considerable experience in advising on cross-border insolvency cases, the group particularly excels in acting for foreign clients in contentious and non-contentious dissolutions and liquidations. Managing partner Richard Ma is the main contact.

Guantao Law Firm is noted for its considerable experience in commercial litigation and liquidation proceedings, which makes it a popular choice for companies and financial institutions seeking assistance with insolvency disputes. Often acting for creditors in contentious matters, the team is well versed in settlement proposals for creditors and debtors and asset disposals. From Dalian, Yucheng Jin leads the practice alongside Beijing-based dispute resolution specialist Jianyue Zhu. Other key names include Shaosong Sun, who handles corporate restructuring and antitrust matters, and litigator Guang Yang.

Based in Shanghai,  Hui Ye Law Firm 's bankruptcy and insolvency team is noted for its extensive experience in acting as appointed administrator of companies in financial distress. The group is particularly active in the manufacturing, real estate, logistics and telecom sectors, where it handles reorganisation plans, restructurings and liquidation proceedings. Shujun Wang, who excels in the disposal of non-performing assets, M&A and tax planning, overseas the group alongside insolvency litigator Michelle Luo.

Jingtian & Gongcheng advises financial institutions, investment funds, creditors and private equity firms on distressed M&A, investment in insolvent companies, exit financings and reorganisation proceedings. The group is well versed in cross-border matters, especially insolvency cases involving Hong Kong-based creditors. From Beijing, practice head Bangwei Xu represents domestic and foreign clients from a wide range of sectors, including energy, manufacturing, telecom and financial services, in insolvency disputes. Another key name is Shanghai-based Shiqi Sun who specialises in debt restructuring and dispute resolution.

With a strong presence in Shanghai and Shenzhen, TianTong Law Firm is particularly known for its strong expertise in cross-border insolvency cases. Acting for investors, creditors, listed companies and SOEs, the group handles reorganisation plans and restructurings, and is often appointed as administrator of insolvent businesses. Shanghai-based Weihong Chi heaps up the team natioanlly, which is active in a wide range of sectors, spanning insurance, real estate, petrochemicals, and manufacturing. Shenzhen-based Wenle Du has extensive experience in debt restructurings and reorganisations.