Quite a few partners of Hye with substantial practice experience are engaged in corporate bankruptcy and disposition of risks of financial institutions and have built a professional team in the area. Hye has rich experience in bankruptcy and administrative disposition pertinent to financial institutions, non-banking financial institutions, state-owned enterprises, non-state-owned enterprises, Sino-foreign equity joint enterprises, Sino-foreign cooperative joint enterprises and wholly foreign owned enterprises. Hye used to act as a liquidator for bankrupted enterprises such as
● Corporate Bankruptcy
— Bankruptcy consultancy: providing advices and legal opinions on bankruptcy for issues on laws, policies, technique, etc.
— Filing for bankruptcy: acting as agent upon entrustment of creditors, obligators or persons duly responsible for liquidation in filing application for reorganization of obligators, reconciliation or for bankrupt liquidation of obligators, including preparing materials required by bankrupt liquidation, drafting documents, submitting application materials to the court, and participating the bankruptcy hearings on behalf of principals, etc.;
— Filing of creditor’s claims: acting as agent upon entrustment of creditor for filing of creditor’s claims, including declaration of credit with property guarantee, ordinary credit, preferential credit, etc.; participating in the creditors’ meetings, or acting upon court’s designation as the chairman of creditors’ meetings and presiding over the creditors’ meetings, exercising voting right, dissent or compensation rights, etc.;
— Recall right: acting upon entrustment of owners of properties to exercise the recall right against the liquidation group;
— Reorganization: acting upon court’s appointment as the administrator of the property and business of creditors, supervising self-regulatory administration of creditors, making reorganization plans and supervising administration of execution programs;
— Conciliation: acting upon court’s appointment as the manager of the property and business of creditors through the conciliation proceedings;
— Bankrupt liquidation: acting upon court’s appointment as the administrator and carry out general liquidation towards the bankrupted enterprises