Restructuring/Insolvency

About

Provided by Yoon & Yang LLC

Yoon & Yang's Corporate Restructuring team, which is subordinated under its Advisory Practice Group, has great specialty and experience. The practice group is headed by Sang-Goo Han with 20 years of experience in corporation rehabilitation and restructuring areas, and is backed up by seasoned Jungseok Ryu, who focuses on corporate organization, bankruptcy procedure and M&A of turnaround companies and company workout. Key figures of the group's junior partner level are Sangman Kim and Joon Oh Jo. The practice group has a significant portion of insolvency disputes in Korea.

In addition, the firm has rich experience and expertise in dealing with M&As of companies that are undergoing restructuring proceedings. Such expertise is depicted by the team's success in closing a large number of such M&A deals: (i) the LS Networks Corporation case (the firm represented existing shareholders) where the first Supreme Court precedent was established on the status of existing shareholders in M&As of companies undergoing restructuring proceedings; (ii) the Choongnam Spinning Co., Ltd. case (advising on sale) where the firm succeeded in securing the sales price to exceed the total debt; and (iii) the Dongah Construction Industrial Co., Ltd. case (advising on acquisition) where the main creditors initiated an M&A deal, selected an acquirer, commenced restructuring proceedings and closed the M&A deal under the restructuring plans.