Insolvency & Restructuring
We provide invaluable legal and financial consulting on corporate restructuring. Combining our experience and deep knowledge of Korean insolvency law and procedure, our lawyers thoroughly analyze every alternative in complex bankruptcy and restructuring cases to offer clients the most creative solutions that will help them achieve their business objectives. Our practice group includes both lawyers and an accountant.
Our services include:
- Representing creditors in bankruptcy and rehabilitation proceedings, including filing of claimsRepresentative Matters |
· | Corporate Rehabilitation: manufacturer, platform corporation (10,000 creditors), etc. |
· | Corporate Bankruptcy: manufacturer, service provider, platform corporation (3,000 creditors), etc. |
· | Advised on appeals in Corporate Rehabilitation cases and defense of Bankruptcy filings |
· | Handled a number of complex bankruptcy cases, including disclaimer proceedings, confirmation trials for redeemable convertible preferred stock, and penalty claims |
· | Advised on numerous M&A of rehabilitated companies |
· | Advised listed companies on Rehabilitation proceedings and delisting defense, etc. |
· | Advised the creditors of Company S in the Rehabilitation proceedings |
· | Advised Company B on the Bankruptcy of its Korean parts supplier |
· | Advised a shipping company in its Rehabilitation proceedings (including the process of recognizing Korean court decisions in foreign countries) |
· | Advised a manufacturing company on Rehabilitation proceedings |
· | Advised an overseas apparel manufacturer on the Rehabilitation of its Korean supplier |
· | Represented creditors in the Rehabilitation proceedings of a Korean publishing company |
· | Represented a foreign creditor in the Rehabilitation proceedings of an automotive parts supplier |
· | Counsel to creditors in the Rehabilitation proceedings of a Korean shipbuilding company |
· | Counseled more than 2,000 individual bankruptcy cases and taught credit recovery classes at municipalities such as Eunpyeong Village and Yongsan-gu Community Center |
· | Personal Rehabilitation: Preparation of initial application, conservatorship, cease-and-desist order, repayment plan, and other procedures, prompt and accurate response, nil dismissal due to intentionality or negligence on the part of the attorney, 80% to 90% repayment rate, and many successful cases of sole proprietorship and reapplication |
· | Personal Bankruptcy: Litigation and out-of-court strategic defense of Bankruptcy and discharge applications, as well as bankruptcy trustee's disclaimer issues. Nil case of final dismissal, and numerous cases of post-petition discharge confirmation |