Restructuring/Insolvency
Asia-Pacific Guide 2024 : South Korea
Band 1
Email address
[email protected]Contact number
+ 82 2 3703 1114About
Provided by Kim & Chang
Kim & Chang’s Insolvency & Restructuring Practice advises debtors, creditors, investors, and other interested parties in connection with court-supervised insolvency proceedings such as bankruptcy and rehabilitation in Korea.
Kim & Chang also assists distressed companies with the formulation and implementation of restructuring plans, both in and out of court. The insolvency and bankruptcy lawyers at Kim & Chang have been instrumental in developing the jurisprudence and practices in Korea that are now widely accepted and acclaimed by courts, debtors and creditors.
Members of the Practice include lawyers with extensive experience in insolvency cases, accountants with experience in the field of corporate restructuring, and other experts who have handled restructuring and insolvency cases at financial institutions, financial authorities and corporations. Utilizing this experience, the Insolvency & Restructuring Practice helps clients to formulate and implement effective strategies for dealing with liquidity issues they face, both in their own businesses and in their dealings with customers, suppliers and business partners. Working together with other practices (Mergers & Acquisitions, Labor and Employment, Litigation, etc.) the Insolvency & Restructuring Practice is capable of providing integrated services covering various aspects of corporate restructuring.
Chambers Review
Kim & Chang is a leading team with a large pool of industry experts offering an impressive breadth of restructuring and insolvency advice. It is particularly strong in assisting creditors on rehabilitation and bankruptcy proceedings and recognised for its cross-border insolvency capability. The team also regularly acts as debtor counsel, assisting domestic and international banks. The firm is adept at handling M&A transactions involving insolvent or financially distressed companies. It also provides out-of-court reorganisation services and is able to draw on relevant expertise in finance, tax and insolvency law.
Strengths
Provided by Chambers
"The best law firm in Korea fixing any complicated legal issues. The lawyers are quick in response and extraordinarily professional in their services."
"It has good teams in each field, and lawyers with highly specialised skills and knowledge."
"Kim & Chang has deep knowledge of the field. Notably the best in Korea."
"The best law firm in Korea fixing any complicated legal issues. The lawyers are quick in response and extraordinarily professional in their services."
"It has good teams in each field, and lawyers with highly specialised skills and knowledge."
"Kim & Chang has deep knowledge of the field. Notably the best in Korea."
Notable Practitioners
Chung Jin Yeong heads Kim & Chang's restructuring and insolvency practice group and draws on over three decades of experience advising on matters in the field. He has notable expertise in out-of-court corporate restructuring procedures.
Rim Chiyong maintains an impressive position in the market and offers particular expertise in bankruptcy proceedings and corporate rehabilitations involving litigious elements. He brings to bear valuable experience from his time spent as a judge in the Seoul Central District Court bankruptcy division and as a commissioner on the National Court Administration's Rehabilitation and Bankruptcy Committee.
Ranked Lawyers at
Kim & Chang
South Korea
