Feng Wu — Dispute Resolution Lawyer in Wuhan

Wu's practice is especially relevant to Wuhan because the city has a large industrial, technology and property base where corporate distress can involve many stakeholders. A distressed company may have bank debt, supplier claims, employee obligations, tax liabilities, secured creditors, shareholders and unfinished projects. The legal objective is not always immediate bankruptcy. Counsel must first determine whether an out-of-court restructuring, judicial reorganization, pre-reorganization process or liquidation provides the best recovery.

Her combination of insolvency and litigation matters because distressed companies often face active enforcement. Creditors may already have judgments or security interests. Bank accounts may be frozen, key assets may be subject to preservation and shareholders may disagree about rescue financing. A restructuring plan that ignores litigation posture can fail before it reaches formal approval.

The debt-restructuring and non-performing asset dimension of her practice adds a finance perspective. Banks, asset-management companies and investors acquiring distressed debt need to understand collateral value, priority, guarantees, enforcement status and the debtor's overall balance sheet. A nominal claim value says little about expected recovery without that analysis.

Wu's postdoctoral work in finance is relevant to restructuring because legal priority and enterprise value must be considered together. A reorganization can produce a higher recovery than liquidation only if the operating business has value worth preserving. Counsel therefore needs to work with financial advisers, administrators, creditors and management to test whether the proposed rescue is commercially credible.

For a foreign creditor, Chinese insolvency proceedings can be difficult to navigate. The creditor needs to understand claim filing, security priority, voting, restructuring plans and recognition of rights. Where the foreign creditor has guarantees or related arbitration proceedings, those remedies need to be coordinated with the insolvency process.

For a distressed technology or manufacturing company, intellectual property, licenses and key employees may account for much of the enterprise value. A liquidation that breaks these assets apart may destroy value, while a reorganization may preserve them. The restructuring team should identify which contracts and permits need to continue and whether rescue financing can be obtained.

Wu's litigation and arbitration practice is also important where the debtor disputes claims or where shareholders, creditors and investors have conflicting rights. Contested claims can affect voting and distribution. The team must decide whether disputes should be resolved inside the insolvency process or through separate proceedings.