Bankruptcy procedures often result in large-scale disputes among numerous interested parties, including creditors, debtors, shareholders, and those who wish to take over the bankrupt companies. Jipyong's Insolvency and Restructuring Team is comprised of expert attorneys who possess in-depth knowledge of local bankruptcy laws, including the right to disclaim, the right to set off, the right to cancel and terminate bilateral non-executive contracts, and the limitation of interest adjustment through changes in rehabilitation plans. Such in-depth knowledge allows Jipyong to firmly protect the interest of our clients.
Key Practice Areas Close
- Filing for commencement of bankruptcy procedures, including filing for bankruptcy, individual rehabilitation, rehabilitation, etc.
- Reporting on rehabilitation claims and bankruptcy claims and representing lawsuit
- Other litigation cases
Experience Close
- Filed for bankruptcy of Haeundae El City PFV on behalf of Military Mutual Aid Association
- Filed for bankruptcy of Grand Crew Limited
- Filed for initiation of rehabilitation procedure for Ccotdam Leisure
- Filed for initiation of rehabilitation procedure for Daehan Mineral
- Represented Sungjee Construction, KMS Pharmaceutical, Sangwon IT, AET, etc. in filing for rehabilitation proceedings
- Represented Nonghyup and other financial institutions in making immediate complaint as soon as the approval decision for rehabilitation plan is made
- Represented Hanaro Express for bankruptcy filing
- Represented large bankrupt companies such as Hangyang, Hangil Securities, Korea Industry Securities, bankrupt mutual savings and finance companies, bankrupt credit unions in various cases arising from bankruptcy
- Represented SK E&C in a lawsuit for the rehabilitation security right based on lien
- Represented Korea Asset Management Corporation in a lawsuit claiming damages related to a warrant issued by a workout company
- Represented Hanyang in Korea’s first application for revocation of bankruptcy proceedings upon agreement by creditors
- Advised on big scale bankruptcy cases such as ones for Seoul Guarantee Insurance, Jinro and Busan Savings Bank in dealing with some of the main issues of bankruptcy laws including denial rights, set-off rights, cancellation of executor bilateral contracts, claims for public interests
- Represented prepaid purchaser of apartment units in filing creditor’s claims in Dongyang E&C’s rehabilitation proceedings and in rendering services for various lawsuits arising from rehabilitation proceedings
- Represented Woori Bank in various litigations arising from rehabilitation proceedings
