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BKL advises Autoliv in acquisition of Delphi auto safety operations |
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2010-04-23 |
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Bae, Kim & Lee LLC represented Autoliv, a global leader in automotive safety devices, in its acquisition of Asia-based occupant safety system operations of auto technology supplier Delphi. In the transaction, completed in March 2010 following signing in January 2010, Swedish-based Autoliv purchased substantially all of Delphi’s airbag and seatbelt manufacturing assets in Korea. The BKL team led by Tongeun Kim advised Autoliv on an array of legal and regulatory issues attending the deal. Sang Hoon Shin and Seong Un Yun of BKL’s antitrust team were instrumental in securing clearance for the combination of Delphi operations with Autoliv’s existing facilities in Korea. BKL collaborated with Clifford Chance as part of a broader Autoliv deal extending to Delphi operations in China as well as Korea. The acquisition, which includes intellectual property in addition to physical assets, will make Autoliv the largest airbag and seatbelt manufacturer in Korea. Customers include domestic carmakers Hyundai, Kia and Daewoo-GM. |
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82.2.3404.0256 tongeun.kim@bkl.co.kr |
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82.2.3404.0230 sanghoon.shin@bkl.co.kr |
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82.2.3404.0164 seongun.yun@bkl.co.kr |
