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Bankruptcy & Liquidation
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    As a trailblazer in bankruptcy, reorganization and liquidation in China, Grandall's bankruptcy-related practice has thrived since the Enterprise Bankruptcy Law of the People's Republic of China came into effect in 2007. By handling a wealth of high-profile bankruptcy cases across various industries and sectors, Grandall has achieved remarkable success in this practice area.

    As qualified bankruptcy administrators, many offices of Grandall have been enrolled in the registers of administrators by high people's courts in various key cities and provinces such as Beijing, Shanghai, Shenzhen, Hangzhou, Kunming, Tianjin, Chengdu, Ningbo, Fuzhou, Xi'an, Nanjing, Nanning, Jinan, Chongqing, Suzhou, Changsha, Taiyuan, Wuhan, Guiyang, Urumqi, Shijiazhuang, Hefei, Hainan, and Qingdao. Furthermore, multiple distinguished Grandall lawyers hold key positions in local bankruptcy administrators' associations, serving as their presidents or vice presidents.
    • Act as an administrator or a provisional administrator, or a member of an intermediary institution serving as bankruptcy administrator or provisional administrator, based on the court's appointment
    • Act as an administrator in a bankruptcy case, or as a member of the liquidation group in a compulsory liquidation case, based on the court's appointment
    • Conduct due diligence on debt/asset reorganization on behalf of distressed companies and put forward solutions
    • Participate in the restructuring or reorganization of listed or non-listed companies as legal counsel to debtors, strategic investors, shareholders, creditors and other interested parties
    • Represent creditors, debtors, or other relevant parties in applying to the court for pre-restructuring or bankruptcy proceedings for the debtor, or participate in bankruptcy proceedings
    • Serve as legal counsel for provisional administrators, bankruptcy administrators, or company liquidation team in bankruptcy cases
    • Participate in risk resolution or administrative handling of financial institutions as entrusted by regulatory authorities or related parties
    • Other services in relation to bankruptcy and reorganization

    Significant consolidation and restructuring of 25 companies, including Nanjing Construction Group - the pre-reorganization case with the largest scale in China

    Wangxin Securities Bankruptcy Reorganization - the first market-oriented bankruptcy reorganization of a securities company in China

    Bankruptcy and reorganization of Zhejiang Haina Technology - the first listed company bankruptcy reorganization case in China after the new Enterprise Bankruptcy Law came into effect

    Bankruptcy reorganization of Fujian Mingdao Industrial LLC - the first restructuring involving an uninhabited island in China

    Hubei Huaqing Power Liquidation - the first bankruptcy case of an operational hydroelectric power plant project in China

    Bankruptcy liquidation of Zhejiang Zhongyou Industrial - the first bankruptcy case utilizing "DingTalk + Blockchain" in China

    Bankruptcy reorganization of Zongheng Holding Group and its affiliates - the first reorganization case completed through debt-to-equity swap

    Conversion of Tangshan Jiahua Coal Chemical's bankruptcy liquidation proceedings to reorganization proceedings - the first successful bankruptcy reorganization of a China-foreign joint venture in Tangshan, and one of the 2021 Exemplary Cases of the Supreme People's Court on Serving and Safeguarding the Coordinated Development of Beijing, Tianjin and Hebei

    Conversion of Guiyang Dechangxiang Pharmaceutical's restructuring to bankruptcy reorganization - The first out-of-court restructuring to reorganization case in Guizhou courts

    Bankruptcy liquidation of Yinxiang Bioengineering - the first bankruptcy case in Zhejiang where administrators were selected through competitive bidding

    Pre-restructuring to reorganization to Anneng Biomass Thermal Power - the first successful case of "pre-restructuring + reorganization" in Ningxia

    Substantive consolidation reorganization of Hebei Zhongmei Real Estate Development Group Co., Ltd. and two companies - the first bankruptcy reorganization case in Hebei courts applying the "creditor self-rescue incentive plan"

    Consolidation and reorganization of eight companies, including Zhejiang Jindun Holding Group - Top 10 Commercial Cases in People's Courts of the Year 2019

    Consolidated reorganization of Zhejiang Glass and its affiliates - listed as one of the Top 10 Exemplary Cases of the Supreme People's Court on Bankruptcy Restructuring and Liquidation released in 2016

    Bankruptcy reorganization of Dandong Donggang Xingyao New Energy Co., Ltd. and six other new energy companies - 2024 Exemplary Case of Liaoning Provincial High People's Court

    Bankruptcy liquidation of Zhejiang Aoyou Power System Co., Ltd. - 2023 Top 10 Exemplary Cases of Enterprise Bankruptcy Adjudication in Zhejiang Courts

    Bankruptcy reorganization of Nanwang Information Industry Group Co., Ltd. - The first bankruptcy reorganization case of a private high-tech enterprise in Zhejiang Province - Top 10 Exemplary Cases of Enterprise Judicial Reorganization in Zhejiang

    Compulsory liquidation transitioned into bankruptcy liquidation of Haikou Yuehai Equipment Complete Set Engineering Co., Ltd. - 2022-2023 Exemplary Bankruptcy Adjudication Cases of Hainan Courts

    Consolidated Bankruptcy Reorganization Transitioned into Liquidation Case of Zhejiang Zhenghe Shipbuilding and Three Other Companies - 2020 Top Ten Typical Cases of Enterprise Bankruptcy Adjudication in Zhejiang Courts

    Bankruptcy reorganization of Yunnan Renze Real Estate Development - the first bankruptcy reorganization case in Kunming that utilized the pre-reorganization approach, with over RMB 10 billion of assets under administration

    Bankruptcy reorganization of Lingdu Zhikong (Beijing) Intelligent Technology Co., Ltd. - Model Cases for the Fifth Anniversary of the Establishment of the Beijing Bankruptcy Court - Model Judicial Rescue Cases of Small and Medium-Sized Enterprises in Beijing

    FOREVER 21 bankruptcy reorganization: Chinese creditor claims declaration and establishment of a Chinese Creditors' Committee - Incorporated into the 2023 Chaoyang Lawyers' White Paper on Foreign-Related Legal Service - Setting a new record for claims amounts of Chinese suppliers in overseas company bankruptcy reorganization

    Consolidated bankruptcy liquidation transitioned into reorganization of Zhejiang Hangbao Group Co., Ltd. and other companies - Top 10 Exemplary Bankruptcy Adjudication Cases in Hangzhou Courts (2019-2020)

    Substantive Consolidation Reorganization Case of CITIC Guoan and Six Other Companies - China Business Law Journal 2023 Outstanding Deals

    Bankruptcy reorganization of Hefei Baohui Real Estate Co., Ltd. - The largest real estate-related reorganization case in Anhui Province, with assessed and Confirmed claims of approximately RMB 22 billion

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