Leveraging its in-depth insight and knowledge of the financial industries, Jipyong’s Financial Disputes Team has dedicated itself to enhance its capabilities to satisfy clients’ needs in the rapidly changing financial landscape.
We represent a full spectrum of market participants (including financial institutions, private equity firms, and individuals) in their most challenging and high-stakes disputes by being responsive to market changes and assembling collaborative teams of advisers with extensive and relevant experience.
Key Practice Areas Close
- Disputes related to credit and deposit transactions
- Disputes related to stocks, futures and option including discretionary trading and discretionary transactions
- Civil and criminal disputes related to the return of gains from short-term trading, insider trading and other unfair trade in the securities market
- Disputes related to credit card companies, such as lawsuits to confirm the absence of credit card debt obligations
- Disputes related to claims for insurance amount and reinsurance amount
- Disputes related to private equity funds investments
- Disputes related to project financing and asset securitization
- Disputes related to derivatives
- Various disputes related to listing and corporate evaluation procedures
Experience Close
- Represented Daewoo Securities (currently known as Mirae Asset Securities) in obtaining a favorable verdict on the appeal case for damages claim under Article 125 of the Financial Investment Services and Capital Markets Act with respect to the acquisition of shares issued by a listed company (significant precedent in determining the criteria for false information set forth in registration statement and/or investment memorandum)
- Represented Korea Development Bank in a settlement lawsuit among creditors (financial institutions) in the workout process
- Successfully represented Shinhan Bank in a lawsuit brought by Industrial Bank of Korea against Shinhan Bank claiming guarantee liability for a promissory note valued at KRW 65 billion
- Represented Korea Development Bank and Korea Asset Management in a lawsuit claiming refund of performance security deposit in the amount of KRW 315 billion with respect to the merger and acquisition transaction of Daewoo Shipping & Marine Engineering
- Represented Korea Development Bank in a lawsuit claiming guarantee insurance amount of KRW 136 billion related to an independent bank guarantee provided by a foreign bank
- Represented Hyundai Securities in a lawsuit claiming refund of foreign currency payment equivalent to KRW 250 billion with respect to a put option
- Represented KDB Asset Management (currently Multi-Asset Management) in a lawsuit for damages related to shipping funds worth KRW 200 billion
- Represented Korea Asset Management in a lawsuit involving 20 billion won in damages related to the Daewoo Group workout filed by French banks
- Represented NH Investment & Securities in a lawsuit with respect to ABCP CDS
- Represented Hyundai Securities (currently known as KB Securities) in a lawsuit with respect to a put option agreement of ABCP in the amount of KRW 20 billion
- Represented Korea Trade Insurance in a lawsuit claiming trade insurance in the amount of KRW 60 billion
- Represented I Investment Trust Management in a lawsuit with respect to the revocation of pre-negotiated receivables in the amount of KRW 60 billion
- Represented Hyundai Securities (currently known as KB Securities) in a lawsuit in the amount of KRW 7 billion with respect to erroneous forward option transaction
- Represented a Korean PEF in a lawsuit in the amount of KRW 10 billion with respect to a put option in a stock exchange agreement
- Represented clients in various indemnification claims with respect to false financial statements and accounting fraud of companies including Pro Chips
- Represented financial institutions in lawsuits filed by stock investors alleging that financial institutions aided companies in committing accounting fraud
- Represented clients in various civil and criminal disputes with respect to unfair trades in stock market such as the return of gains from short-term trading and insider trading
- Defended clients in diverse lawsuits filed by investors regarding investment trusts or mutual funds such as Power Income Fund, Power Oil Fund managed by Woori CS, Fidelity Asia Fund by Citibank Korea, Schroder China Growth Fund and Franklin US Government Fund of HSBC
- Represented the fund managers and securities companies in numerous lawsuits raised against them regarding the public offering and private equity funds
- Represented major securities firms in numerous disputes related to securities transactions, such as discretionary trading and discretionary transactions
- Represented Consus Asset Management in a KRW 46 billion lawsuit related to a real estate PF
- Represented financial institutions, which provided project financings for real estate development projects in numerous lawsuits against the developers and construction companies
- Participated in general lawsuits involving financial institutions such as Shinhan Bank, Industrial Bank of Korea, Standard Chartered Bank Korea, Citibank Korea, Korea Exim Bank and HSBC regarding a wide range of issues, including revocation of fraudulent acts and employer’s liability
- Represented insurance companies including Samsung Fire & Marine Insurance, LIG Insurance, Seoul Guarantee Insurance Company, Samsung Life and Fubon Hyundai Life in lawsuits claiming payment of insurance benefits
- Represented financial institutions (creditors) in numerous lawsuits related to bankruptcy such as investigation and confirmation of claims in bankruptcy
