24 ASIAN LEGAL BUSINESS CHINA • 亚洲法律杂志-中国版 FEBRUARY 2024 In the past year, China’s insolvency and restructuring landscape has witnessed momentous events, with cross-border insolvency, the restructuring of real estate companies and financial institutions, and supporting a robust private economy through wellestablished insolvency and restructuring mechanisms standing out as key themes of the year. These themes offer a profound insight into the current rhythm of economic development. “The scale of insolvency and restructuring practices is closely intertwined with the economic dynamics of market players,” says Wang Zhaotong, partner at W&H Law Firm. Wang emphasizes that since the number of insolvency and restructuring cases began to rise in 2014, the number of cases in 2022 and 2023 has once again scaled new heights. DeHeng Law Offices has observed the same trend. Zhou Jie, partner at DeHeng, points out that the number of insolvency-related cases handled by the firm has risen significantly over the past three years. This growth has been accompanied by an increase in the proportion of related revenue and the size of the team. Notably, the firm has served as the administrator in handling 12 significant insolvency cases, each with a balance sheet size exceeding 1 billion yuan. As a law firm that boasts of insolvency as one of its core practices, W&H has also registered consistent growth in the scale, revenue, and team size of its insolvency practice over the past two INSOLVENCY China’s insolvency and restructuring landscape has undergone significant developments, marked by a surge in cross-border insolvency, the restructuring of real estate and financial institutions, and a focus on supporting a robust private economy. As the landscape continues to evolve, marked by a growth in cross-border cooperation future trends like the overhaul of the Company Insolvency Law, lawyers find themselves having to remain updated and agile in order to deliver the best result for their clients. “后疫情”时代，中国经济发展面临新的机遇，但也面对多重内外部风险。在这样的时代背景下，市场持续呼求完善、 成熟的破产重整制度及实践，引导资源高效配置，营造更为优化的营商环境。该领域专家和ALB分享了近期破产重 整领域最受瞩目的板块，以及最新发展趋势。 BY HU YANGXIAOXIAO 作者：胡阳潇潇 THE ROAD TO EFFICIENCY 提高效率
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