许诚 Partner

Benny Xu

Attorney Xu Cheng’s primary practice areas are banking and finance, debt restructuring, and major dispute resolution. With over 18 years of extensive professional experience, he is highly familiar with matters involving banking, trusts, insurance, and foreign exchange management. Attorney Xu possesses rich experience in financial regulation, innovative finance, foreign exchange management policies, non-performing asset resolution, and major risk control. Leveraging his substantial financial background and business experience, he also frequently provides legal services for major risk control, debt recovery, litigation, arbitration, and other dispute resolution matters, including supply chain debt resolution, debt restructuring, bankruptcy reorganization, and debt-to-equity conversion transactions for enterprises.

He currently serves as a member of the Banking Business Research Committee of the Shanghai Lawyers Association, a member of the Cross-Border Bankruptcy Business Research Committee and the Planning Rules and Industry Development Committee of the Shanghai Association of Bankruptcy Administrators, and a practical supervisor for master’s students at the Law School of Fudan University.

Participated in the Shanghai Clearing House Central Counterparty (CCP) financial test case at the Shanghai Financial Court. This case was the nation's first financial test case, primarily concerning a central counterparty financial derivatives default disposal dispute with the respondent, Shanghai Clearing House, and involved matters related to foreign exchange derivatives transactions.

Provided legal advisory services to a well-known Hong Kong-based bank's head office (China) regarding the digitalization of its ISDA foreign exchange financial derivatives trading platform business.

Represented a state-owned enterprise group in providing legal services for its acquisition of a 77% equity stake in Tianjin Trust.

Represented a state-owned enterprise group in providing legal services for its acquisition of a 75% equity stake in Australian company Manassen.

Represented a state-owned enterprise in providing legal services for an equity capital increase project in a financial leasing company.

Represented an overseas investment institution in providing legal services for the acquisition of a project company located in Shanghai and Nanjing.

Represented a domestic institution in providing legal services for its equity capital increase project involving the introduction of strategic investors to increase their stake in its submarine cable project company.

Provided legal services to a well-known foreign bank's China headquarters (located in Shanghai) for the digitalization project of its corporate credit electronic signing (2022).

Provided legal services to a well-known foreign bank's Chinese legal entity headquarters (located in Shanghai) for an online supply chain product project (2021).

Provided legal services to a well-known foreign bank's head office (headquartered in Shanghai) for its Civil Code update standard contract project (2021).

Provided full-process legal services to a well-known corporate group's finance company for its Civil Code update standard contract project (2021).

Provided legal services to a well-known commercial bank's head office (headquartered in Shenzhen) for its Civil Code update standard contract project (2020).

Provided legal services to a well-known joint-stock commercial bank's head office (headquartered in Shanghai) for its Civil Code update text project (2020).

Provided legal services to a well-known joint-stock bank's head office (headquartered in Jiangxi) for its Civil Code update standard text project (2020).

Provided legal services to a well-known foreign bank's head office (headquartered in Shanghai) for its Civil Code update standard contract project (2020).

Provided legal services to a well-known rural commercial bank's head office (headquartered in Shanghai) for its Civil Code update standard contract project (2020).

Provided legal services to a well-known large aircraft corporate group's finance company for the revision of its Civil Code update standard contracts (2020).

Provided full-process legal services to a well-known joint-stock commercial bank's head office for its standard contract project (2019).

Provided full-process legal services to the head office of a well-known commercial bank in Shanghai for its standard contract project (2019).

Provided legal services to a well-known joint-stock bank's head office (located in Shenzhen) for its transaction banking department's online banking project (2019).

Provided legal services to a well-known joint-stock bank's head office (located in Shenzhen) for its transaction banking department's new online banking project (2020).

Provided legal services to a well-known joint-stock commercial bank's head office (located in Shanghai) for its smart supply chain platform project (2021).

Represented a central state-owned enterprise as a creditor participating in the bankruptcy reorganization project of Chongqing Iron and Steel Company Limited.

Represented an insurance-affiliated asset management company in providing legal services for its series of debt disputes related to investments in Yongtai Energy.

Represented a state-owned enterprise in providing legal services for its complex supply chain debt and asset restructuring project.

Represented a central state-owned enterprise in providing legal services related to the resolution of debt disputes involving the Huaxin Group.