Bankruptcy & Corporate Restructuring
“One of the top-class law firms in Korea. The members of the firm work diligently for the best interests of the client, with zealous representation in multiple facets of the issues our business faces."
- Chambers & Partners Asia-Pacific
Overview
BKL’s Corporate Restructuring Practice Group has market leading expertise in this area. The group built its extensive experience in the practice area by handling numerous insolvency cases (corporate restructuring, rehabilitation and bankruptcy among others) for decades in the wake of Asian and global financial crises. The group’s rich experience in a wide variety of matters has built deep institutional knowledge of insolvency matters, including a remarkable ability to detect pre-crisis symptoms and post-response capability. The practice group is constituted by a diversity of excellent professionals with a team of lawyers, CPAs and dedicated researchers. The combination of excellent individual lawyers, and the team’s collective capabilities allows the group to offer preemptive and preventive solutions for each case and phase in restructuring and insolvency cases.
BKL’s Corporate Restructuring Practice Group is unique in the market for its combination of legal expertise with the associated skills, and has been providing its clients with multi-dimensional solutions through organic collaboration with experts with extensive hands-on experience, and professionals who have experience and knowledge of the insolvency proceedings after long years’ tenure of office at government agencies and regulatory authorities.
Mere legal interpretation of relevant law or the preparation of good pleadings alone does not guarantee successful advisory and litigation services. In fact, in order to successfully conduct bankruptcy and corporate restructuring cases, a broad range of skills and experience are necessary: including an in-depth understanding of a company’s operating and financial structures, corporate accounting, the regulations and practice of capital market financial investment system, and the practice of judicial and governmental authorities, which only BKL’s Corporate Restructuring Practice can provide in the market.
The practice group has around 20 professionals, including attorneys, certified public accountants and dedicated researchers, and is renowned for its remarkable experience and incomparable expertise in bankruptcy and corporate restructuring practice – which were accumulated through exclusively handling bankruptcy and corporate restructuring cases for more than 25 years. This exclusive experience has allowed the group to develop expertise that is only available to them in the market.
With such experience and expertise, BKL’s Corporate Restructuring Practice Group provides domestic clients with legal services in respect of all issues involved with bankruptcy and corporate restructuring process. Legal services provided include establishing restructuring plans or rehabilitation plans for financially distressed companies and implementation thereof by means of asset disposals, business transfers, M&A, transfer of NPLs and debt collections, providing advice on the Corporate Restructuring Promotion Act and representing in bankruptcy or corporate restructuring proceedings.
Through its extensive international practice, the practice group has built a strong network with law firms across the world by cooperating in cross- border insolvency matters over the last three decades. As such, BKL’s Corporate Restructuring Practice enjoys a strong reputation in cross-border insolvency and corporate restructuring practice.