Since the COVID-19 pandemic, construction companies facing the triple challenge of rising interest rates, raw material prices, and labor costs are increasingly turning to law firms for advice on disputes such as recovering construction payments. In response, Lin announced on the 30^th that it has launched the Construction Industry Crisis Response Task Force (TF) to respond to clients' legal needs in an integrated and professional manner.
 
Lin's 'Construction Industry Crisis Response TF' includes experts from the firm's Construction & Real Estate Team and Insolvency Team, including Moon Joo Kim, a former general counsel at a construction company, Hyo Jong Choi, an expert in corporate rehabilitation and M&A, Dong Jae Yi, an expert in construction and finance laws, Seung Kwan Choi, an expert in construction and real estate laws, Jae Hak Lee, and Kwang Min Nam, an accountant formerly with Samil Accounting Firm.
 
"By launching the Construction Industry Crisis Response TF team, we will enable experts who are well versed in their fields to work together in a streamlined way to review the risks faced by construction companies in the current difficult situation from various perspectives and analyze them in depth, so that they can minimize such risks in advance," said Hyo Jong Choi.
 
Lin, which was founded in 2017 by former Kim & Chang lawyer Jin Seok Lim and others, is currently in the process of merging with LKB & Partners, and the two firms hope to finalize the merger by March next year to become one of the top 10 law firms.
 
By Hyun Seung Lee, Chosun Ilbo
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