Bankruptcy proceedings often lead to large-scale disputes with numerous parties’ interests intertwined, including those of creditors, debtors, shareholders, and prospective acquirers of bankrupt companies. Jipyong’s Restructuring Team is committed to protect our clients’ interests based on its extensive experience in major issues concerning the Debtor Rehabilitation and Bankruptcy Act.
Key Practice Areas Close
- Represent clients in disputes arising during the application for commencing bankruptcy proceedings, including filing for bankruptcy or rehabilitation
- Represent clients in litigation involving the filing and confirmation of rehabilitation and bankruptcy claims
- Represent clients in litigation involving other bankruptcy issues
Experience Close
- Advised the seller on the rehabilitation process of Neulpureun Medical Foundation (Bobath Memorial Hospital) during M&A
- Advised the purchaser on the rehabilitation process of Choongang Biotech during M&A
- Advised Hwaseung on their corporate rehabilitation proceedings
- Represented the Military Mutual Aid Association during the bankruptcy filing of Haeundae El City PFV
- Advised Daehan Mineral on the commencement of rehabilitation procedures
- Advised Sungjee Construction, KMS Pharmaceutical, Sangwon IT, AET, etc. on the commencement of rehabilitation procedures and related work
- Represented Nonghyup and other financial institutions in filing an immediate appeal upon the court’s approval of the rehabilitation plan
- Represented Hanaro Express in the filing for bankruptcy
- Represented large bankrupt companies such as Hangyang, Hangil Securities, Korea Industry Securities, Bankrupt Mutual Savings and Finance Company Bankrupt Savings Bank, Bankrupt Credit Unions, etc. in various disputes related to bankruptcy issues
- Represented SK E&C in a lawsuit concerning rehabilitation secured claims based on a lien
- Represented Korea Asset Management Corporation in a lawsuit claiming damages related to a warrant issued by a workout company
- Represented Hanyang, an insolvent debtor, in Korea’s first case of application for discontinuation of bankruptcy by way of agreement
- Litigated large-scale bankruptcy cases involving major issues in bankruptcy laws, such as denial rights, set-off rights, rescission of bilateral agreements unperformed, claims for public interests, etc. representing Seoul Guarantee Insurance, Jinro and Busan Savings, etc.
- Represented apartment buyers during the rehabilitation proceedings of Dongyang E&C and in the filing of creditor claims as well as in various related lawsuits
- Represented Woori Bank in various lawsuits arising from rehabilitation proceedings
