We offer a comprehensive set of legal services to support you, the foreign investors, throughout the incorporation process and in running your businesses in China, guaranteeing compliance with local Chinese laws and regulations. We will provide end-to-end legal services, ranging from the initial consultation to post-establishment support, customized to the specific requirements of your positions.

Liquidation & Bankruptcy

China draws a significant influx of foreign investment; however, not every venture proves to be successful or enduring. Numerous international firms have been grappling with a myriad of economic, operational, and societal challenges in China, with some also contending with political strains, including the impact of international sanctions. For certain companies, these pressures have reached a breaking point, prompting the choice to discontinue their operations in China, either by choice or by force. While the difficulties associated with setting up a foreign-invested enterprise in China are widely recognized, what often catches investors off guard is the intricate and protracted legal process involved in dissolving and de-registering their company within the country.

Key services include:

• Liquidation Decisions by Shareholders
• Documentation for Staff Reductions and Terminations
• Establishment of a Liquidation Committee
• Participation in the Liquidation Committee
• Filing for Liquidation Announcements
• Communicating with Creditors Regarding Liquidation
• Registration and Verification of Declared Debts
• Development of a Liquidation and Asset Disposal Strategy
• Resolution of Outstanding Financial Obligations, including Taxes, Claims, and Debts
• Addressing and Normalizing Status Issues as Deemed by Regulatory Bodies
• Allocation of Dividends to Shareholders
• Compilation of the Liquidation Report
• Cancellation of Company Registration with Authorities
• Submission of Compulsory Bankruptcy Petitions to the Court
• Engagement in Bankruptcy Proceedings
• Coordination with the Court-Appointed Administrator
• Negotiations Between Creditors and Debtors
• Recovery of Debts
• Initiatives for Organizational Reorganization and Restructuring

Our team of legal professionals and consultants possesses profound expertise in offering legal counsel and support to foreign enterprises that are navigating the closure of their operations in China, whether through voluntary shutdown or due to compulsory bankruptcy.