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Bankruptcy and Rehabilitation

By overcoming the 1997 Asian Financial Crisis, Korea was able to accumulate extensive experience in the area of corporate rehabilitation and as a result, Korea has one of the most sophisticated institutions, laws and regulations regarding corporate rehabilitation in all of Asia.
 
We provide advice on the regulatory institutions, laws and regulations governing rehabilitation and bankruptcy in Korea, including advising on insolvency procedures, corporate rehabilitation, walkouts, composition with creditors and settlements based on extensive hands-on experience.
 
Our practitioners assist clients at all stages of the corporate rehabilitation process to normalize corporate activities, maximize profits and minimize risks for creditors as well as for third parties.
 
We also provide advice for the form of rehabilitation and market exit strategies.  Moreover, we represent clients not only in walkout procedures, but also in all stages of all other insolvency-related procedures.
 
Our attorneys will continue to protect the rights and interests of relevant parties and third parties participating in the proceedings.

Representation(s)
  • Representing and advising Sungwon Corporation and Sungwon Co., Ltd. with regard to application for rehabilitation and the rehabilitation procedure
  • Advising Tomboy and Company Ltd. on the application for corporate rehabilitation and the rehabilitation procedure
  • Advising SunStar Precision Co., Ltd. on the application for corporate rehabilitation and the rehabilitation procedure
  • Advising International Construction Corporation on the application for corporate rehabilitation and the rehabilitation procedure
  • Advising TS Metal Co., Ltd. on the application for corporate rehabilitation and the rehabilitation procedure
  • Advising Morado Co., Ltd. on the application for corporate rehabilitation and the rehabilitation procedure
  • Advising Hanol Global Textile Co., Ltd. on the application for corporate rehabilitation and the rehabilitation procedure
  • Representing and advising Kosteel Co., Ltd. with regard to the application for bankruptcy against Misung Steel Co., Ltd.
  • Advising Ssangyong Machine Ind. Co., Ltd. on the application for corporate rehabilitation and the rehabilitation procedure
  • Advising Daesung Enertec Co., Ltd. on the application for corporate rehabilitation and the rehabilitation procedure
  • Advising YS Heavy Industrial Co., Ltd. on the application for corporate rehabilitation and the rehabilitation procedure
  • Advising Nokjoo Maekbanseok on the application for corporate rehabilitation and the rehabilitation procedure
  • Advising SMC Co., Ltd. on the application for corporate rehabilitation and the rehabilitation procedure
  • Advising Daehan Cement Co., Ltd. on the application for corporate rehabilitation and the rehabilitation procedure
  • Working as lead manager for sale of Monalisa Co., Ltd., a company under court receivership
  • Working as lead manager for the sale of Samho Company Co., Ltd. a company under court receivership
  • Working as lead manager for the sale of Tongil Heavy Industries Co., Ltd., a company under court receivership
  • Working as lead manager for the sale of Taechang Co., Ltd., a company that applied for conciliation
  • Advising on NPL transaction and bankruptcy procedure of Jinro Group by Deutsche Bank
  • Representing Marubeni Corporation, a Japanese company, in the corporate reorganization procedure of Nambuk Fisheries Co., Ltd.
  • Representing Sumimoto Warehouse Co., Ltd., a Japanese company, in the corporate reorganization and bankruptcy procedure of Choyang Shipping Co., Ltd.
  • Representing and advising on the application for bankruptcy of each subsidiary of Nichias Corporation, a Japanese company, and New City Corporation, a Japanese real estate company
  • Representing and advising Unitas, a U.K. company, in the rehabilitation procedure of Yanghae Marine Transport
  • Representing and advising on the application for commencement of the rehabilitation procedure of Semi-Materials Co., Ltd. and Jaeil Lighting, Ltd.
Address: Barun Law Building, 92 gil 7, Teheran-ro, Gangnam-gu, Seoul 06181 Korea
Tel: 82-2-3476-5599   |   Fax: 82-2-3476-5995   |   Email: contact@barunlaw.com
Coptright(c) 2013 Barun Law LLC. All rights reserved
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