山东法院发挥破产案件审判职能——为困境企业重生注入动能

Core Viewpoint - The article discusses the successful restructuring of Dongfang Ocean Technology Co., Ltd., which faced severe financial difficulties and potential bankruptcy, highlighting the role of judicial and governmental cooperation in revitalizing struggling enterprises [2][3]. Group 1: Company Restructuring - Dongfang Ocean, once on the brink of bankruptcy due to non-operational fund occupation and illegal guarantees, has successfully restructured and revitalized its operations [2]. - The company received a strategic investment of 1.354 billion yuan within four days, allowing it to recover and stabilize its workforce of over 1,000 employees and protect the rights of 632 creditors and nearly 20,000 small investors [3]. - The total market value of Dongfang Ocean increased from 1.2 billion yuan before restructuring to over 5 billion yuan post-restructuring [3]. Group 2: Judicial and Governmental Role - The Yantai court utilized a pre-restructuring mechanism to guide the temporary management in recruiting investors and conducting asset evaluations, demonstrating a proactive approach to corporate recovery [2]. - The Shandong courts have effectively identified enterprises with recovery potential, facilitating the resolution of financial distress for "honest but unfortunate" companies while also ensuring timely liquidation for those without recovery value [3][5]. - The case of Helix Wheel Co., which underwent a successful bankruptcy process in just 36 days, illustrates the efficiency of the judicial system in asset liquidation and the importance of advanced production lines in maintaining industrial value [3][4]. Group 3: Impact on Local Economy - The restructuring efforts not only helped individual companies but also contributed to the optimization of resource allocation and risk mitigation in the region, with 217,000 employees being placed through bankruptcy disposals in 2023 [5]. - The establishment of a complete high-speed rail axle industry chain following the acquisition of advanced production lines by Bohong Rail Transit Equipment Technology Co., Ltd. showcases the positive ripple effects of effective bankruptcy management on local industry development [4].