Banking

"When it comes to quality of service, Bae, Kim & Lee are one of the best in Korea. Very satisfied with the quality of legal advice, efficiency of service and overall support from the group."

- The Legal 500 Asia Pacific

Overview

BKL’s Finance Group (the “Group”) aims to help its clients to successfully execute and consummate the transactions in a variety of banking and financial businesses, based on deep industry expertise and know-how developed through a wealth of deal experience recognized in global legal market. Through this, the Group offers the best legal advisory services to its domestic and overseas clients in banking and finance sectors. 

In addition, the Group provides its domestic and international banking clients with optimal solutions based on its deep understanding of the laws and regulations governing banking business and various other legal issues such as labor, tax and fair trade faced by the banks in the ordinary course of business, and its extensive experience of advising on such laws and regulations.

One-Stop Services with a Large Pool of Manpower

The Group brings to bear comprehensive resources and a deep bench of top practitioners consisting of domestic attorneys with extensive experience in a broad range of financial transactions, experienced foreign attorneys from leading prestigious foreign law firms, and specialists from the supervisory authorities and related institutions in Korea such as the Financial Services Commission, the Financial Supervisory Service, the Korea Exchange, the Ministry of Strategy and Finance and the Bank of Korea. The Group provides one-stop legal advisory services to its clients as needed by way of fully analyzing each and every transactional issue and thereby providing optimal solutions to its clients.

Client-Tailored Services Using Extensive Knowledge and Experience

BKL has built up a wealth of experience and know-how in providing advisory services to its prestigious domestic and foreign clients on various and complex transactions. Specifically, the Group thoroughly analyzes the legality of the transaction structure at issue, provides proactive legal opinion or/and alternatives, and helps clients to achieve their desired goals by accurately incorporating client’s intent into the documentation process. Such professional capabilities have been consistently recognized by global legal publications such as Chambers and IFLR, and have received numerous awards from Asian Legal Business, The American Lawyer, and Asian-Mena Counsel.

Key Services

Structuring of credit transactions and deal documentation
Advise on structuring of new transactions
Draft and negotiate deal documentation
Advise on government approval and reporting requirements (such as foreign exchange reports)
Establishment of banks and M&A
Advise on the establishment of banks, including foreign banks’ Korean branches, and on mergers and acquisitions of banks
Advise on, and process applications for, regulatory approvals, permits and reports in relation to limitation of share ownership, mergers and acquisitions and business transfers
Conduct due diligence and advise on implications in relevant areas such as banking, fair trade and tax
Audits and investigations by supervisory authorities
Provide guidance on preparations
Advise on defense strategies
Litigation and dispute resolution
Represent banks in litigation, mediation and arbitration proceedings resulting from regulatory audits and investigations or in relation to product and service offerings or mergers and acquisitions

Representative Cases

Advised on the financing of Macquarie Korea Opportunities Management’s acquisition of shares in LG CNS
Advised Kakao Bank on the acquisition of a specialized internet bank license
Advised a domestic bank on its response to regulatory sanctions against incomplete sale of DLF products
Structuring of credit transactions and deal x-documentation
Advised on the financing of Macquarie Korea Opportunities Management’s acquisition of shares in LG CNS
Advised on the financing of SKC’s acquisition of KCF Technologies
Advised on the financing of JKL Partners’ acquisition of Lotte Insurance
Advised on the financing of MBK Partners’ acquisition of CJ CGV’s Southeast Asia business
Advised on Polaris Shipping’s ship finance of five vessels
Advised on DS Hannam’s financing of the NineOne Hannam luxury residential complex development project in Seoul
Advised on Shinhan REITS Management’s financing of the Pangyo Alphadom City 6-4 mixed-use development project
Advised on British Airlines’ B777-300ER aircraft financing
Advised the Export-Import Bank of Korea in relation to the UAE Barakah nuclear power project
Advised on Korea Southern Power’s financing of and investment into the Yeongnam LNG combined cycle power plant
Advised the Korea Development Bank, the Export-Import Bank of Korea, Kookmin Bank and SMBC on credit extension to domestic and foreign companies
Establishment of banks and M&A
Advised on obtaining regulatory approvals for the incorporation of The K Insurance as a subsidiary of Hana Financial Group
Advised Kakao and Korea Investment Value Asset Management in relation to acquisition of Kakao Bank shares in excess of regulatory ownership limits
Advised Kakao Bank on the acquisition of a specialized internet bank license
Audits and investigations by supervisory authorities
Advised banks on their responses to regulatory sanctions in relation to sale of mutual funds
Advised a domestic bank on its response to regulatory sanctions against incomplete sale of DLF products
Litigation and dispute resolution
Represented numerous banks in lawsuits involving KIKO contracts
Represented a resort developer in a KRW100 billion damages claim lawsuit involving land ownership
Represented the Financial Services Commission or financial institutions in cases involving designation of insolvent financial institutions and cancellations of capital increase orders