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Jipyong News
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News Update
Jipyong & Jisung Provides Legal Advice to an Australian Law Firm on Legal Issues Arising from Real Estate Investment Company Act, Foreign Exchange Transactions Act, etc.
2010.12.16
<p>Jipyong & Jisung is currently providing legal advice to an Australian law firm representing a seller of real estate on domestic legal issues arising from Korean legislations such as the Real Estate Investment Company Act and the Foreign Exchange Transactions Act, in relation to an Australian real estate investment project which is being conducted by a self-managed real estate investment trust ("REIT") specialized in development.<br /> <br /> In this indirect investment structure, a Korean REIT will establish a SPC in Australia and then acquire shares in the SPC, and in turn, such established SPC will acquire real estate in Australia with the investment funds. So far, there have been no cases where a Korean REIT has successfully carried out or is in the process of carrying out a development of overseas real estate nor any precedent of investment in development of overseas real estate in such indirect manner.</p>
News Update
Jipyong & Jisung Represented Korea Finance Corporation to Complete Shipping Finance Transaction in the Form of Bare Boat Charter Hire Purchase
2010.12.16
News Update
Jipyong & Jisung Represents Dio Corporation and Induces Foreign Investment
2010.12.09
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Related Practices
Oceania
Professionals
Partner
Tae Hyun LEE
+82-2-6200-1788
thlee@jipyong.com
Senior Foreign Attorney
Sanghee LEE
+82-2-6200-1793
sanghee@jipyong.com
