Beijing, China. (Photo by ESB Professional/Shutterstock.com)

China’s JunHe has recruited bankruptcy and insolvency partner Yang Li from rival King & Wood Mallesons.

Yang has represented creditors, administrators and government agencies on bankruptcy and restructuring cases and litigation proceedings. Last year, he and King & Wood Mallesons partner Liu Yanling represented the administrators of the bankruptcy of state-owned Dongbei Special Steel Group Co. Ltd.; the case involved $10 billion worth of liabilities, according to media reports.

Yang became a partner with King & Wood Mallesons’ dispute resolution practice in 2017. He is based in Beijing.

In May, criminal law and white-collar crime specialist Han Yi joined JunHe as counsel. Han is currently dean of the Minzu University of China School of Law and has represented listed companies on corruption and insider trading-related charges. Other domestic firms, including Jingtian & Gongcheng and Zhong Lun Law Firm, have made similar hires as regulators such as the China Securities Regulatory Commission have ramped up enforcement efforts in recent years.

Late last year, JunHe lost an 11-lawyer commercial litigation team led by partner Liu Honghuan to FenXun Partners, Baker McKenzie’s associate Chinese firm.