JunHe's Special Situations team led by Catherine Miao has been actively involved in the special situations and alternative investment practice since 1999 and has been at the forefront of providing legal services in this area in China. The team has represented numerous landmark cases in the market such as representing a financial AMC in the first foreign investment in the disposition of non-performing assets in China in 2002 and representing Citigroup Global Markets Asia Limited in the first acquisition by a foreign investor of a NPA portfolio through buyout in China in 2004. 

There have been many discussions over the years regarding Environmental, Social and Governance issues at the international level. For the majority of domestic companies, the initial concept of ESG issues occurs when they are facing ESG due diligence initiated by overseas suppliers or, as a target company, they are accepting investment or financing,  or there has been a failure in obtaining a well ESG rating. This then has an adverse effect on their business partners and/or investor relationships.