Asset Management

"The quality of legal service is very good and the hourly rates are reasonable. Specifically, the firm's immediate response to our needs is the reason why I want to continue working with it."

- IFLR1000

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Overview

BKL’s Finance Group provides systematic and comprehensive legal services in relation to asset management based on our deep understanding of the asset management industry and know-how accumulated through extensive experience in the field.

BKL advises clients on all stages of asset management and collective investments. Specifically, we provide optimal advice on how to protect clients' interests and minimize legal risks throughout all stages of the asset management business, including the establishment of and procurement of licenses for collective investment business entities, investment advisory business entities and discretionary investment management business entities, fund formation and registration, fund management as well as dispositions and liquidations of fund assets. We also draw from our extensive experience and know-how in handling disputes that may arise afterwards due to incomplete sales, etc. in relation to fund investment, and advise clients on how to protect their interests to the fullest extent possible.

The asset management business is heavily regulated in Korea and is significantly impacted by laws and regulations such as the Financial Investment Services and Capital Markets Act as well as the regulatory policies of the Financial Services Commission and the Financial Supervisory Service. Our Finance Group provides optimal advice to clients based on our deep understanding of relevant regulatory laws and policies and extensive experience in responding to financial supervisory authorities.

With the globalization of the asset management business, it has become common for Korean financial institutions and institutional investors to invest in overseas funds or trade with overseas managers. Based on our extensive experience and accumulated know-how, BKL’s Finance Group provides customized advice to domestic and overseas clients to minimize risks related domestic and overseas laws and regulations and to make investments through an efficient transaction structure.

Key Services

Advise on the establishment of collective investment business entities, investment advisory business entities and discretionary investment

Advise on PE fund GP registrations, fund formations and preparation of PE fund constitutional documents

Draft and review fund constitutional documents and trust contracts

Advise on contracts between asset management companies and investors

Advise on conflicts of interest and unsound business practices as regulated under the Financial Investment Services and Capital Markets Act

Advise on matters related to misselling and large-scale loss of funds

Advise on overseas fund investments by Korean financial institutions and institutional investors

Advise on foreign fund registrations and offshore investment advisory business or offshore discretionary investment management business registrations in connection with the solicitation of Korean investors by overseas fund managers

Practice Areas

Representative Cases

Advised overseas fund managers on the registration of foreign funds in Korea

Advised overseas fund managers on their registration as offshore investment advisory business or offshore discretionary investment management business

Advised Korean institutional investors and financial institutions on their investments in overseas funds managed by global managers

Advised domestic managers on the registrations for collective investment business for private funds offered to professional investors

Advised domestic managers on the formation of blind funds

Advised on the registration of PE fund GP and the establishment of PE funds

Advised on the drafting and review of PE fund constitutional x-documents