ZhongYin Wins the Best M&A Lawyer Award in the 13th M&A Special Awards Ceremony
On September 19, 2020, the 17th China M&A Annual Conference was held in Beijing. At the annual meeting, the list of winners of 2020/13th M&A Special Awards, which is remarkable in the industry, was grandly announced. Yan Penghe, a management committee member and senior partner of ZhongYin Law Firm, and Wang Wei, the director and a partner of ZhongYin (Chongqing), won the Best M&A Lawyer Award with their outstanding performance.
In the project of major asset restructuring of Three Gorges Water Conservancy (“TGWC”), ZhongYin team provided full-range, high-quality and professional legal services for the project and its professional practice and diligent professionalism was highly praised by the clients.
After the completion of this transaction, TGWC will become the only listed company mainly engaging in power distribution and sales, within Three Gorges Group. The “Integration of Internet, TV Network, Telecom Network and Power Grid” may further advance the power system reform, promote the formation of effective competition in the Chongqing, stimulate the vitality of market players, and contribute to the achievement of the goal of reducing power supply prices and optimizing power supply services. It will help thoroughly implement the central government's strategy of “strengthen the government control on power grid and power transmission and distribution, and deepen the commercialization of sale and purchase of electricity” for the power system reform, explore the market-oriented reform model of separation of power generation, transmission, distribution, and sales, and create a benchmark for deepening the reform of China’s power system, while consolidating the achievements in the reform of Chongqing’s power system.
The "M&A Special Awards Ceremony" has been held for 13 consecutive years since 2007 which are high-profile and highly praised by all walks of life. The M&A Special Awards have become authoritative awards representing the highest level in the domestic M&A industry. The Best M&A Lawyer Award granted to ZhongYin this time means the high recognition of its practice in the area of investment and M&A. ZhongYin Law Firm is one of the earliest domestic law firms to set up an investment and M&A team and ZhongYin’s M&A team has participated in many large investments and M&A projects. It deeply engages and has accumulated extremely rich experience in this practice area.