Guantao is a pioneer law firm in the PRC engaged in corporate liquidation or insolvency liquidation, advising over 30 companies including non-bank financial institutions in dissolution liquidation, insolvency liquidation and insolvency reorganization. With experienced lawyers, Guantao's team has undertaken a wide variety of legal tasks such as group leader of the liquidation group, leader of insolvency administrators, and counsel for taking-over group, trustee group, and insolvency administrators. Therefore, Guantao has accumulated a wealth of valuable knowledge and practical experience in this area.
Guantao's experience in this area includes the followings without limitation:
• acting as member of liquidation group of corporations
• acting as insolvency liquidation administrator
• establishing plans and protocols for dissolution liquidation, insolvency liquidation, and insolvency reorganization
• developing settlement proposal for creditor and debtor and collections
• clarifying and confirming creditor's right and debts
• advising on clarifying investment
• defining the scope of liquidation and insolvency property including right of exclusion, right of set-off, rights of take-back
• issuing proposal for assets disposal or disposal of creditor's rights
• setting up liquidation system
• preparing documents for creditors' meetings
• organizing and implementing insolvency liquidation
• establishing employee allocation program
• compiling insolvency documents
• handing daily legal affairs during liquidation
• providing legal support for auditing or appraisal in liquidation, insolvency or reorganization
• issuing liquidation working report
• finalizing corporate liquidation and all legal affairs involved in the whole process of insolvency liquidation
"This firm continues to attract praise for debtor-side representation in insolvency proceedings."
Chambers
"They work hard, have a strong grasp of the law and risks involved, and provide us with quality solutions and advice."
Clients say