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

Overview Key Services Practices Representative Cases Key Contacts Related Content

Overview

BKL has a proven track record and extensive experience advising clients in the asset management industry and provides comprehensive legal services in relation to all aspects of asset management business.

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. BKL’s Finance Group provides tailored advice to both onshore and offshore funds based on expert knowledge of relevant regulatory frameworks and policies and comprehensive experience in responding to actions by supervisory authorities.

We advise clients on all stages of asset management and collective investments, including the establishment of and procurement of licenses for 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. Our Finance Group focuses on drawing from our extensive experience and providing optimal advice designed to protect client interests and minimize their legal risks to the fullest extent possible. Likewise, we draw from our established expertise to assist our clients in legal disputes that arise in relation to a wide range of products and transactions such as possible product misselling and other cases related to fund investments.

In recent years, an increasing number of Korean financial institutions and institutional investors are investing in overseas funds or trading with overseas managers. BKL has extensive experience working with overseas fund managers and advising on overseas investments and is uniquely positioned to provide each market participant with customized advice throughout the process.

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 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