The members of our Hostile Takeovers & Defense Practice Group can confidently distinguish themselves from the competition as having practical and significant experience and know-how and superior resources, which only a sophisticated few with true experience in hostile M&A can provide, when it comes to advising clients on cases involving disputes over management rights and related litigation.

In many hostile-takeover cases, the specific arguments made, details of circumstances and the final outcome are not disclosed to a third party, and know-how on the extremely specific issues and processes concerning the meeting of shareholders and/or a board of directors play determinative roles in leading to successful outcomes. Therefore, the Hostile Takeovers & Defense practice area is the area in which actual work experience and know-how accumulated in handling hostile takeover cases in practice are extraordinarily critical.

The Hostile Takeovers & Defense Practice Group has unparalleled experience in handling hostile M&A takeover matters. From handling the hostile M&A takeover attempt of Hyundai Elevator and Hyundai Merchant Marine by KCC, which remains as the largest scale hostile M&A takeover attempt ever in Korean history, to disputes over management rights among affiliated companies of conglomerates, the Group is truly a recognized leader in this unequivocally specialized area. In addition to such disputes over management rights of significant scale, the Group has assisted numerous medium sized companies with hostile M&A issues. Last, but not least, we are proud to add to our experience the handling of the defense of SK against the hostile takeover bid by Sovereign Asset Management as well as the defense of KT&G against the hostile takeover bid by Carl Ichan and Steel Partners. It is through such practical experience and know-how accumulated over decades that enable the Group to provide unparalleled representation to clients in hostile takeover situations.

Major Cases

Represented KCC in its hostile takeover of Hyundai Elevator and Hyundai Merchant Marine
Represented First Fire and Marine Insurance in its defense against the hostile takeover attempt by Meritz Fire and Marine Insurance
Represented SK in its defense against the hostile takeover bid by Sovereign Asset Management
Represented KT&G in its defense against the hostile takeover bid by Carl Ichan and Steel Partners
Represented Dongah Pharmaceutical in its defense against the hostile takeover bid by Sooseok Trading
Represented Samyang Reduction Gear in its hostile takeover of Nexcon Technologies
Represented Neowave in its defense against the hostile takeover bid by its minority shareholders
Represented ND Corp in its defense against the hostile takeover bid by Gentech Holdings
Represented Eugene Data in its defense against the hostile takeover bid by individual shareholders
Represented Khan Soft in its hostile takeover of Seoul Foods