The CELG Restructuring & Insolvency Specialized Committee has a team specializing in debt restructuring-related businesses. It is one of the largest and most powerful professional teams in the domestic bankruptcy and restructuring field. The team brings together practicing lawyers and experts with rich theoretical and practical experience in bankruptcy and restructuring, mergers and acquisitions, commercial litigation, capital market investment and financing, corporate listing, audit and assessment, among whom there are multiple doctors of laws. CELG has been listed in the Chambers Asia-Pacific Guide for several consecutive years and recognized as a leading lawyer team in the restructuring/insolvency field. Its lawyer Ren Yimin has been rated as a first-tier lawyer in the same field. The Restructuring & Insolvency Specialized Committee consists of the Real Estate Restructuring and Reorganization Legal Department, Pre-reorganization Legal Department, and Bankruptcy Dispute Resolution Legal Department.

​CELG has handled over 300 enterprise bankruptcy and restructuring cases as an administrator, involving more than 400 enterprises and debts exceeding 400 billion yuan. The cases handled cover industries including automobile manufacturing, real estate, hotel and entertainment, construction and building materials, petroleum storage, processing and manufacturing, pharmaceuticals, transportation, big data, shipbuilding, and more. CELG also intervenes in debt crisis resolution for distressed enterprises as an investor advisor or creditor advisor, taps into the core value of troubled enterprises and provides consultation opinions and solutions for regional debt crisis resolution to multiple local governments. CELG has established good cooperative relationships with numerous financial and investment institutions, and can provide diversified financing advice and services to debt-ridden enterprises and investors.

Typical cases handled by CELG include the joint restructuring of Zotye Auto Co., Ltd. (000980.SZ) and its eight subsidiaries, the restructuring of Tianma Bearing Group Co., Ltd. (002122.SZ), the restructuring of Zhejiang Unifull Industrial Fibre Co., Ltd. (002427.SZ), the consolidated restructuring of four companies including Wenzhou Judger Group Co., Ltd., the consolidated restructuring of 23 companies including Shandong Quanlin Group, the restructuring of five companies including Sanding Holding Group Co., Ltd., the consolidated bankruptcy liquidation of six companies including Zhejiang Ouhua Shipbuilding Co., Ltd., the “1+5” consolidated restructuring of Hualun Group Co., Ltd., a series of bankruptcy cases involving 11 mutually guaranteed enterprises in Ningbo, the consolidated bankruptcy of 37 enterprises including Yongzheng Holding, the restructuring of Zhejiang Great Southeast Group Co., Ltd., and the consolidated restructuring of five companies including Zhejiang Huayue Real Estate Co., Ltd. Through extensive judicial practice and the handling of classic cases, CELG has established a strong brand and reputation in the field of debt restructuring. The debt restructuring cases handled by CELG have been selected as typical bankruptcy trial cases by courts at the national, provincial, municipal and district levels for over 50 times.

Legal services provided by CELG in this field:

• Out-of-court restructuring and pre-reorganization

• Corporate bankruptcy liquidation, restructuring and conciliation

• Advisor to creditors (creditors’ committee), debtors, investors and administrators

• Crisis consultation and management for distressed enterprises

• Mergers and acquisitions of distressed enterprises

• Acquisition of financial assets and route planning

• Resolution of regional enterprise debt crises

• Bankruptcy dispute resolution