JurArs is a corporate member of the Shanghai Municipal Liquidation Association, with several of its lawyers holding certified liquidator qualifications. The team is well versed in the full spectrum of insolvency procedures—including restructuring, pre-restructuring, bankruptcy liquidation, compulsory liquidation, and voluntary liquidation—and has acted multiple times as counsel to debtors or restructuring entities in large-scale group restructurings.

 

By integrating expertise across M&A, capital markets, finance, dispute resolution, employment, and tax, the team excels at systematically identifying risks, designing multidimensional solutions, and striking a precise balance among stakeholder interests. This enables the formulation and execution of optimal restructuring plans that advance smoothly and achieve practical, lasting results.

 

NOTABLE MATTERS

◆As debtor’s counsel, advising a prominent food group in formulating a consolidated restructuring plan

The client had external liabilities approaching CNY 4 billion. JurArs was engaged to provide end-to-end legal services for the disposition of assets and liabilities of its subsidiaries. Through efficient legal due diligence and the design of a consolidated restructuring plan, the team introduced asset management companies and other third-party participants to provide diversified restructuring solutions, optimize the client’s asset structure, and enhance long-term competitiveness and sustainability. Several subsidiaries have since successfully obtained court approval for restructuring.

◆As debtor’s counsel, advising a well-known Taiwan-invested group subsidiary in its restructuring & insolvency

This matter involved complex asset and liability issues, allegations of economic crimes against senior management, operational paralysis, and more than one hundred lawsuits, with disputed assets exceeding CNY 600 million. JurArs provided full-process restructuring services, including legal due diligence, advancing insolvency and deregistration procedures, handling debt-settlement matters, and identifying criminal-compliance risks. The team also initiated criminal complaints to pursue liability of responsible executives.

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REPRESENTATIVE MATTERS

◆Acted as debtor’s counsel for a Shanghai company in its bankruptcy filing and creditor negotiations, and in resolving issues relating to the legal representative’s credit restrictions. The matter involved unique challenges, including nearly a decade of non-operation, missing corporate records, dormant bank accounts, and significant liquidation difficulties.

◆Advised a state-owned enterprise on legal due diligence relating to one of its subsidiaries’ suspected involvement in P2P investment activities, and issued a legal opinion. Considering the characteristics of SOEs, the team developed a tailored risk-prevention mechanism and assisted the client in completing the bankruptcy liquidation of the entity involved.

◆Acted as creditor’s counsel in the bankruptcy of a subsidiary of a major real estate group in Shenzhen, providing full-process legal services. Through extensive communication with creditors, the debtor, and the administrator, the team formulated diversified solutions, including handling bankruptcy-related litigation, managing administrative and priority claims, and coordinating with potential investors, successfully recovering significant losses for the client.

◆Acted as creditor’s counsel in the bankruptcy of a company affiliated with the Peking University enterprise group. Services included claim filing, participation in creditors’ meetings, and coordination with the bankruptcy administrator on claim-confirmation issues.

◆Advised a nationally recognized PE fund manager throughout the bankruptcy of a portfolio company. The team represented the fund in claim filing, review, and confirmation, and assisted the fund in its role as a member of the creditors’ committee—supervising the bankruptcy process, reviewing key proposals, articulating creditor positions, and negotiating disputed matters. The team ultimately secured partial recovery for the client, reducing the investment loss.

◆Acted as investor’s counsel in the bankruptcy of Huachen Automotive Group, providing legal services covering due diligence, participation in creditors’ meetings, and preparing transaction proposals.

◆Advised a state-owned enterprise on a comprehensive legal strategy to dispose of a wholly owned subsidiary through voluntary liquidation, bankruptcy liquidation, or agreement-based transfer. Services included full legal feasibility analysis, compliance review of SOE approval procedures, risk assessment, process design, and issuance of legal opinions.

◆Represented a well-known investment institution in a shareholder liability dispute brought by a creditor of a portfolio company. The creditor alleged that the client failed to fulfill liquidation obligations and sought to impose joint liability for the company’s debts. At first instance the client faced an unfavorable judgment; however, through systematic argumentation on key issues—including completeness of financial records, the scope of responsibilities as investor shareholder, and causation between non-liquidation and creditor loss—the team persuaded the appellate court to adopt the client’s position. The opposing party ultimately withdrew the case, fully eliminating the client’s joint-liability risk and avoiding a significant potential loss.

◆Advised a well-known investment institution where its portfolio company’s business license had been revoked, preparing a strategy to mitigate or avoid director-liability risks for individuals appointed to the company. The team designed and guided pre-liquidation procedures for compulsory liquidation and filed a compulsory-liquidation petition on behalf of the shareholder. The matter is currently ongoing.

◆Acted as counsel to the shareholder of a debtor company, filing a compulsory-liquidation petition against a trading company in Hangzhou. After the court determined that the statutory conditions for bankruptcy liquidation were met, and following a mediation agreement among shareholders, the matter proceeded to bankruptcy liquidation and has now been formally accepted.

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