A Case Study By Ward Hadaway LLP

Our debt and insolvency team are working with a state-funded and policy-oriented insurance company in China since 2012 providing advice on debt recovery matters. Since 2012 we have been entrusted on hundreds of cases, receiving a very high success rate whether that is obtaining payment from the debtor, establishing a payment plan or starting litigation either by way of High Court proceedings or proceedings in the Companies Court. We also monitor those cases where debtors have gone into some form of insolvency to ensure that the client is informed as to the progress of the insolvency process and the likely percentage payment that is going to be made to ordinary creditors and whether the Policyholder's claim is accepted as being correct. The range of value of cases entrusted to Ward Hadaway is very large – from a few thousand dollars on the one hand to $40 million on the other. For example: We advised the client in a case involving up to $40 million where the transaction between the cli