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On the afternoon of December 19, 2014, AllBright prevailed in fierce competition to win qualification as top corporate bankruptcy manager of the Shanghai Higher People’s Court, beating out a number of other top PRC law firms.

AllBright took on challenges including being short of personnel and time to prepare for the qualification competition. The firm stood out with the following strengths: 1) AllBright enjoys extensive experience in restructuring businesses in capital markets, 2) the firm is home to a large number of veteran lawyers who are also qualified CFAs or CTAs, and 3) Shanghai-headquartered AllBright has a nationwide network. AllBright gained the nod from the 22-member panel and was selected as corporate bankruptcy manager from among 65 competing law firms before becoming one of the 10 law firms that won the final qualification to receive the top corporate bankruptcy manager qualification in Shanghai.