Hylands Market-Oriented Debt-to-Equity Swap Team Highly Praised for Providing Full Legal Services to Creditors of Financial Institutions During the Restructuring of Bohai Steel Group Co. Ltd.

On January 31, 2019, Tianjin Higher People’s Court and Tianjin Second Intermediate People’s Court issued the Civil Ruling Paper respectively, approving the Reorganization Plan of Bohai Steel Enterprises and terminating the bankruptcy reorganization procedures of 48 enterprises, including Bohai Steel Group Co. Ltd. The Bohai Steel Enterprises entered the implementation stage of the reorganization plan.

The professional legal team of market-oriented debt-to-equity swap led by partners and attorneys of Hylands, Yukai ZHANG, Liping QIN, Yuechao ZHANG, and Jiehua RUI, provided full legal services for creditors of financial institutions in the bankruptcy and restructuring project of Bohai Steel Enterprises, which was well received by clients. Hylands will continue to provide high-quality legal services to creditors of financial institutions during the implementation phase of the Reorganization Plan of Bohai Steel Enterprises under the guidance of the working principles of professionalism, prudence and client first.