JunHe adds two partners to beef up insolvency restructuring business

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JunHe hires Theo Bai and Evan Xian
From left: Theo Bai, Evan Xian

JunHe kicks off the new year with the hiring of two partners to strengthen its insolvency restructuring and dispute resolution practices.

Theo Bai, who had practised at King & Wood Mallesons for more than 10 years, joined the firm’s Beijing headquarters, while Evan Xian, a former partner at East & Concord Partners and Lianyue Law Firm, would work from the Guangzhou office.

Bai specialises in company and debt restructuring, liquidation, and insolvency-related litigation, covering industries such as steel, shipments, papermaking, cement, real estate, auto parts and photovoltaics.

He has advised on a series of deals such as Suntech Power’s insolvency restructuring, which involved RMB17.3 billion of debt and 529 creditors, and the more than 10-year restructuring of Guangxia (Yinchuan) Industry, a touted “No. 1 blue chip company in China”, which was triggered by fictitious financial statements.

Xian was a commercial and intellectual property judge at the Luogang District People’s Court of Guangzhou before 2012 and then honed his attorney career in Hong Kong for many years.

Xian focuses on dispute resolution, mergers and acquisitions, bankruptcy and liquidation, with a particular speciality in cross-border practice. He was selected by China’s Ministry of Justice as one of the “Thousands of Foreign-related Lawyers”.

The authorities established this talent pool involving foreign-related lawyers in 2018 to better serve the Belt and Road Initiative business.