HNA Group’s Bankruptcy Rehabilitation Plan

Zhong Lun acted as legal advisor for the trustee of HNA Group Bankruptcy Rehabilitation Specialized Service Trust.

After the High People’s Court of Hainan Province handed down a ruling approving the rehabilitation plan on October 31, 2021, a consortium consisting of CITIC Trust and Everbright Xinglong Trust has been appointed as trustee for the plan through public selection in accordance with law under the supervision of the court, and the HNA Group Bankruptcy Rehabilitation Specialized Service Trust has been legally established. Meanwhile, HNA Group and other 320 affiliates have completed their substantive consolidation, which has been confirmed by the court.

The Zhong Lun team was led by equity partners Han Hao (Picture), Bin Zhou and Xianshi Meng, with non-equity partner Qinxin Yang as the site manager, and the team also included non-equity partner Ruida Li and associate Jing Wan.

Involved fees earner: Han Hao – Zhong Lun Law Firm; Ruida Li – Zhong Lun Law Firm; Xianshi Meng – Zhong Lun Law Firm; Jing Wan – Zhong Lun Law Firm; Qinxin Yang – Zhong Lun Law Firm; Bin Zhou – Zhong Lun Law Firm;

Law Firms: Zhong Lun Law Firm;

Clients: HNA Group Co., Ltd.;