Bankruptcy and Restructuring Business Department




Business Department Profile

Bankruptcy and restructuring is one of Boomstar’s important practices. We have a strong professional lawyer team engaged in bankruptcy and reorganization, which focus on legal business including corporate dissolution and liquidation, bankruptcy, reorganization, reconciliation, cross-border insolvency, corporate restructuring, and the employee setting of state-owned enterprises, covering areas such as finance, real estate, manufacturing, commercial and other fields. With a wealth of practical experience, we can provide our clients with comprehensive professional proposals, financial proposals and crisis management skills to help clients control the challenges when they face financial distress. In the respect of complex corporate restructuring, out-of-court restructuring, bankruptcy planning, negotiation and relevant litigation, our professionals can offer a wide range of services for foreign and domestic clients. Those could be debtors, financial institutions, secured or unsecured creditors, insurance companies, bondholders, lessors, investors and directors, creditors or shareholders' committee, etc.

Also, Boomstar’s bankruptcy and Restructuring Department has made a positive exploration and unremitting efforts for the improvement and development of the theory and practice of bankruptcy and reorganization of China. In 2013, we had fished a book called The Operational Guidelines of Lawyer Acting As Administrator, entrusted by Jiangsu Provincial Lawyers Association. Besides, we have published Empirical Research In Bankruptcy Administrator System and a series of research papers.

We believe that we could provide comprehensive, high quality and efficient legal services for all walks of life with the advantage of rich practical experiences, prospective theoretical research, strict quality control measures, the strong advisory team and good communication platform being in touch with bankruptcy legal professionals.

 


Practice scope:

1Enterprises’ bankruptcy , liquidation, reorganization and reconciliation related business, which includes:

1) As the court-appointed administrator of the bankruptcy liquidation, reorganization and reconciliation, or member and legal counsel of the administrator;

2) As the legal consultant or agent of debtor companies to file for bankruptcy liquidation, reorganization and reconciliation;

3) As the legal consultant or agent of shareholders and  creditors who filed bankruptcy liquidation and reorganization of the debtor companies;

4) As the legal consultant or agent of creditors to participate in the debtor's bankruptcy liquidation, reorganization and reconciliation procedures;

5) As the legal consultant or agent of the Obligee to participate in the debtor's bankruptcy liquidation, reorganization and reconciliation procedures to exercise the right to recover;

6) As the legal consultant or agent of secured party to participate in the debtor's bankruptcy liquidation, reorganization and reconciliation procedures to exercise the right of exclusion;

7) As the legal consultant of the party from home and abroad to continue the contract with bankrupt enterprise;

8) As the agent of parties that have litigation or arbitration with bankrupt enterprise;

9) As the legal consultant or agent of the Obligee to pursue losses from administrator who fails to perform his duties diligently and faithfully;

10) As the legal consultant or agent of strategic investors to invest in corporate restructuring proceedings;

11) As the legal consultant or agent of acquiring enterprise to acquire bankruptcy companies’ assets during the process of bankruptcy liquidation, reorganization and reconciliation.

 

2Practice related to liquidation or restructuring of state-owned enterprises and listed companies, including:

1) As Members of the liquidation group or legal advisers of liquidation group of listed companies or state-owned enterprises;

2) As legal counsel of listed company and state-owned enterprise restructuring.

 

3Corporate dissolution, liquidation related practice, inlcluding:

1As the legal consultant or agent of shareholders to lodge a company dissolution or property evidence preservation case;

2) As the legal consultant or agent of the enterprise to deal with the dissolution of the company's litigation;

3) As the legal consultant or agent of limited company’s shareholders to participate in the company's own liquidation;

4) As the legal consultant or agent of directors or controlling shareholders of company limited by shares to participate in the company's own liquidation;

5) As the corporate liquidation group or member of the group, or its legal adviser;

6) As the legal consultant or agent of shareholders or creditors to apply for compulsory liquidation;

7) As a court-appointed liquidation group, member of the group or its legal adviser;

8) As the legal consultant or agent of creditors to participate in corporate liquidation or debt settlement negotiation program;

9) As the legal consultant or agent of creditors to ask investors to be responsible for insufficient funding, to pursue other investors or sponsors’ joint liability;

10) As the legal consultant or agent of creditors to pursue the illegal liquidation responsibility of corporate shareholders, directors or actual controller;

11) As the legal consultant or agent of creditors or shareholders to claim the illegal liquidation responsibility of the liquidation group. 




Yao Bin :Director of Boomstar, first grade lawyer, LL.M,
selected to be in the firstlist of bankruptcyadministrator (personal) of Nanjing Intermediate People's Court, director of bankruptcy and acquisitions of Jiangsu Province Bar Association. His business expertiselies in legal affairs covering economic contracts, bankruptcy and liquidation, asset restructuringand international trade, ect.

 
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