Chi Weihong, the former head of the bankruptcy and restructuring practice at TianTong Law Firm, has founded Zai Sheng Law Firm in Shanghai. According to the National Lawyer Credit Information Publicity System, the justice authorities approved the new firm. Chi serves as the managing partner, joined by partners Mao Hongkai and Jiang Minghui.
Chi has confirmed the move to China Business Law Journal, saying the firm would “gradually hire additional partners”.
The official WeChat account of the Shanghai Putuo District Political Consultative Conference reported on Monday that Hang Chunfang, chairman of the district’s political consultative conference, visited Zai Sheng.
“Zai Sheng is a boutique law firm dedicated to assisting distressed companies with restructuring and regeneration, specializing in corporate debt restructuring, bankruptcy restructuring, related dispute resolution, investment and financing, and mergers and acquisitions … It has established strategic cooperation with several financial investment institutions”, the account said.
Mao was previously on the bankruptcy team at TianTong, while Jiang was a partner at Sunhold Law Firm. Jiang has also served as the deputy director of the Business Development Committee at the Shenzhen Bankruptcy Trustee Association and was a member of the Guangdong Bankruptcy Trustee Association.
In July, Du Wenle, Zhang Yao, and Zhu Lei, formerly of TianTong’s bankruptcy and restructuring team, joined Han Kun Law Offices. Meanwhile, Lin Wenhui and Wang Pan returned to TianTong’s Shanghai office in September to revitalize its bankruptcy practice.
Following the departure of several partners last year, TianTong’s Shanghai office launched a new energy and environment practice this year, appointing partner Wen Min to lead it, and bringing on criminal compliance partner Yin Qing.