Yueting Jia
The firm serves as restructuring co-counsel to Chinese technology entrepreneur, Yueting “YT” Jia, the founder of Faraday Future, an American technology company focused on the development of a shared mobility ecosystem through the platform of electric vehicles. Mr. Jia’s chapter 11 reorganization plan—confirmed after just seven months—restructured over $3 billion in debt held almost entirely by creditors located in the People’s Republic of China. The plan creatively aligned the interests of Jia’s creditors with those of Faraday and was the result of settlements among Jia, the creditors’ committee, and other major creditors. Under the plan, Jia satisfied his obligations by contributing his interests in Faraday's parent company to a trust to be held for the benefit of creditors. Jia’s bankruptcy case was one of the largest individual bankruptcy cases (measured by debt) since the development of the modern Bankruptcy Code. The firm’s work in Jia’s successful reorganization was recognized at Global M&A Network’s 13th Annual Turnaround Atlas Awards as “
Cross-Border Turnaround of the Year."
