Jipyong has extensive experience in providing advisory and litigation services related to corporate governance, management disputes, and shareholder disputes, including defending against hostile M&As and various disputes arising therefrom, disputes over shareholder and/or board resolutions, disputes related to the exercise of minority shareholder rights, and disputes related to PEF investments, as well as advising on shareholder meetings and board operations. Based on such experience, we provide broad and in-depth legal services concerning takeovers, defending of management rights and protecting of shareholder’ rights.
In particular, based on our expertise in disputes related to hostile M&As and PEF investments, Jipyong has successfully represented clients by not only winning numerous cases involving disputes in management and the recovery of investments, but also advising on improvement of corporate governance at target companies. In addition, we provide multifaceted and systematic legal services through our team of experts in corporate law, capital markets law, and related regulations.
Key Practice Areas Close
- Advise on various legal matters related to the improvement of corporate governance
- Advise on the strategy for the acquisition and defense related to hostile M&As
- Represent clients in the recovery of investments related to PEF investments and in disputes related to management rights within the target companies
- Represent clients in injunction actions to prohibit the convening of shareholders’ meeting, to prohibit the exercise of voting rights, to suspend resolutions made at general shareholders’ meeting, etc. and in claims for convening extraordinary general meeting of shareholders, or for reading and copying of account books etc.
- Represent clients in cases involving petitions to confirm the absence of resolution of the general shareholders’ meeting, claims to invalidate and/or cancel shareholder resolutions, and related injunctions
- Represent clients in cases involving injunctions against the issuance of new shares, injunctions against listing of companies, claims to keep newly issued shares or to nullify newly issued shares
- Represent clients in litigation or advisory work related to reorganization of companies through mergers, corporate splits, etc.
- Represent clients in criminal complaints and claims for damages related to management disputes
Experience Close
- Successfully represented the brothers Jong Yoon Lim and Jong Hoon Lim in a dispute over management rights in Hanmi Pharm. Co., Ltd.
- Successfully represented a client in a lawsuit against Lotte Asset Development seeking damages caused by its failure to sell Seoul Express Bus Terminal
- Represented Haechandle in a lawsuit related to management dispute
- Represented Korea Iron & Steel in numerous lawsuits related to management dispute
- Represented GoodPeople in numerous lawsuits related to management dispute
- Represented a real estate PF developer in numerous lawsuits related to management dispute
- Advised on a hostile M&A between Chokwang Paint and Littauer Technologies Co., Ltd.
- Advised a client on its defense against an Activist Funds’ attempts to undermine the client’s management right
- Advised numerous PEs in their recovery of investments and disputes over the management right at companies targeted for investment
- Represented clients in numerous lawsuits related to management rights, including shareholder derivative suits, claims to confirm or revoke invalidity of shareholders’ resolution, injunctions against issuance of new shares, injunctions to suspend performance of directors’ duties at stock exchange or KOSDAQ-listed companies, requests to hold extraordinary shareholders’ meetings, claims to nullify the issuance of new shares, etc.
- Represented Moorim Powertech in the dispute over management rights including the right to inspect the accounting book against Artone Paper MFG. Co., Ltd.
