Dear valued clients, colleagues and friends,

In November 2020, Korean Air Lines Co Ltd had entered into a share subscription agreement with Asiana Airlines Inc which had been in a situation of financial distress. The merger of the two airlines required regulatory approval from competition and antitrust agencies of other jurisdictions, which included but were not limited to, Korea, UK, US, EU, Malaysia and Singapore.

Our team handled the filing of the notice and application for the anticipated merger in conjunction with clients and instructing foreign counsel. This Merger Notification was the first ever successful Merger Notification under the Malaysian Aviation Commission Act 2015. In fact, it appears to be the first Merger Notification under any statute or regime in Malaysia.

To read more, please click here: http://www.shearndelamore.com/alerts/2022/First_Successful_Merger.pdf

Should you have any enquiries, you may direct them to the team that worked on this Merger Notification —Mr Anand Raj at [email protected], Ms Jeevitha Thurai at [email protected] and Ms Kelly Choo at [email protected].