The Corporate Restructuring Group at Lee & Ko consists of legal experts with substantial knowledge on the Special Act on Corporate Revitalization (also known as the “One-shot Act”), Corporate Restructuring Promotion Act, and other debtor rehabilitation and bankruptcy laws. The Group provides a spectrum of restructuring-related legal services including advising on preemptive restructuring measures in compliance with the Special Act on Corporate Revitalization, advising on normalizing distressed companies in compliance with the new Corporate Restructuring Promotion Act, and advising on reorganizing and renormalizing insolvent company in compliance with other bankruptcy and debtor rehabilitation laws. Like in other areas of its legal practice, Lee & Ko’s Corporate Restructuring Group provides useful and accurate one-stop legal service in the area of corporate restructuring.

The Group advises and helps clients in connection with, among others, rehabilitation/bankruptcy applications on behalf of the debtor company, establishment of rehabilitation plan and authorization process thereof, voluntary negotiation with creditors during the preemptive restructuring process by the debtor company, workout process and human resource restructuring. In addition, the Group has recently obtained in-depth experience and expertise in restructuring from its involvement in reorganizing distressed corporate structure of large corporations and in the legislative drafting process of the Special Act on Corporate Revitalization. Members of the Group are experienced M&A specialists with extensive experience and knowledge, and experts who have been actively practicing workout processes, M&A of post-restructured companies, rehabilitation services, and corporate restructuring. The Group has been providing accurate and prompt legal services in regards to preemptive restructuring in compliance with the Special Act on Corporate Revitalization, workout process in compliance with the new Corporate Restructuring Promotion Act, M&A transactions of debtor companies, reorganization of project financing companies, and rehabilitation and renormalization through negotiating with labor union.

The Group has established an optimal system to efficiently process complicated restructuring projects on behalf of its clients. Lee & Ko’s Corporate Restructuring Group consists of the most renowned specialists in the field of; M&A, Special Act on Corporate Revitalization, new Corporate Restructuring Promotion Act, workout process, M&A procedures of post-restructured companies, DIP Financing, reorganization of project financing companies, and rehabilitation process related works.

Expertise

M&A and preemptive restructuring in compliance with the Special Act on Corporate Revitalization (including restructuring through negotiation with labor union)
Workout proceedings in compliance with new Corporate Restructuring Promotion Act
M&A and DIP financing work for post-restructured companies
Advise and assist on rehabilitation proceedings application, and bond registration process
Advise comprehensively on reorganization of project financing companies
Assist on overseas work (cross-border work such as applying for a stay order to a foreign court)

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Major Cases

Assisted domestic corporations in their restructuring processes (Hanwha–Samsungdeal, Samsung-Lotte deal etc. )
Advised Keangnam Enterprises Co., Ltd. and Sekwang Heavy Industries Co., Ltd. with regard to workout process
Advised STX Corporation, Shindongah Engineering & Construction Co., Ltd, and Poong Lim Industrial in their workout transactions
Advised Korea Line Corporation in its DIP financing following rehabilitation
Represented Kukdong Engineering & Construction in its M&A in and out of its insolvency proceedings
Advised on reorganization of project financing companies where developer went bankrupt (reorganization of project financing company for Deogi-jigoo Apartment Construction; Yangjaedong Cargo terminal Complex site sale on behalf of Picity, and Pailand)
Assisted Residential Complex Apartment in Yongsan-gu, Wonhyo-ro on its reorganization of project financing companies
Represented global shipping companies including Changmyung Shipping Co., Ltd., STX Pan Ocean Co., Ltd., and Korea Line Corporation with regard to their rehabilitation court proceedings (such as obtaining stay order) abroad
Assisted public institutions and domestic companies (including foreign financial institutions) in their insolvency, rehabilitation, and many other related proceedings