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Practice Area|Dispute Resolution

Financial Disputes

Armed with sharp insight and deep professional knowledge of the financial sectors, Jipyong's Financial Disputes Team has time and again met and exceeded clients’ demands and expectations with speed and accuracy. Jipyong’s Financial Disputes Team is able to provide accurate readings of market changes and, in cooperation with top experts in the relevant fields, also provides systematic and professional legal services based on extensive research of advanced financial techniques and case studies of disputes.

Key Practice Areas Close

    • Settlement of various disputes related to credit and deposit transaction of bank
    • Disputes related to stocks, futures, options, etc., including arbitrary trading and discretionary transaction
    • Civil and criminal disputes related to short-term trading gains, insider trading and other unfair trade in the securities market
    • Disputes related to credit card companies, such as lawsuits to confirm the absence of credit card loans
    • Disputes related to claims for insurance amount and reinsurance amount
    • Disputes related to investment in private equity funds
    • Disputes related to project financing and asset securitization
    • Disputes related to derivatives
    • Various disputes related to PEF
    • Various disputes related to listing and corporate examination procedures

Experiences Close

    • Won the appeal case of claim for damage compensation under Article 125 of the Financial Investment Services and Capital Markets Act with regard to the acquisition of shares in paid-in capital increase of a listed company in which he represented Daewoo Securities before the Supreme Court (this is an important precedent ruling on what is the criteria for judging any statements in the securities report and investment prospectus to be false)
    • Represented KDB bank in a settlement lawsuit among creditors (financial institutions) in the work-out process
    • Represented Shinhan Bank in a lawsuit brought by IBK against Shinhan Bank claiming guarantee liability for a promissory note valued at KRW 65 billion and won the lawsuit
    • Represented Korea Development Bank and Korea Asset Management Corporation in a lawsuit claiming refund of performance security deposit in the amount of KRW 315 billion with regard to M&A of Daewoo Shipping & Marine Engineering
    • Represented KDB in a lawsuit claiming guarantee insurance amount of KRW 136 billion related to independent bank guarantee provided by overseas bank
    • Represented Hyundai Securities in a lawsuit claiming refund of foreign currency payment equivalent to KRW 250 billion with regards to a put option
    • Represented KDB Asset Management (currently Multi-Asset Management) in litigation for damages related to ship funds worth KRW 200 billion
    • Represented the Korea Asset Management Corporation in a lawsuit against 20 billion won in damages related to the Daewoo Group workout filed by French banks
    • Represented NH Investment &Securities in a lawsuit with regards to ABCP CDS
    • Represented Hyundai Securities in a lawsuit with regards to a put option agreement of ABCP in the amount of KRW 20 billion
    • Represented Korea Trade Insurance Corporation in a lawsuit claiming trade insurance benefit worth KRW 60 billion
    • Represented I Investment Trust Management in a lawsuit with respect to the revocation of pre-negotiated receivables in the amount of KRW 60 billion
    • Represented Hyundai Securities (Current KB Securities) in a lawsuit in the amount of KRW 7 billion with respect to erroneous forward option transaction
    • Represented a Korean PEF in a lawsuit in the amount of KRW 10 billion with respect to a put option in a stock exchange agreement
    • Performed as legal counsel in various indemnification claims with respect to false financial statements and accounting fraud of companies including Pro Chips, etc.
    • Represented financial institutions in lawsuits filed by stock investors alleging that financial institutions aided companies in committing accounting fraud
    • Performed in various civil and criminal disputes with respect to unfair trades in stock market, such as the return of gains from short-term trading, insider trading, etc.
    • Defended clients in diverse lawsuits filed by investors regarding investment trusts or mutual funds such as Power Income Fund, Power Oil Fund managed by Woori CS, Fidelity Asia Fund by Citibank, Schroder China Growth Fund, Franklin US Government Fund of HSBC
    • Represented the fund managers and distributors in numerous lawsuits raised against them regarding the public offering and private equity funds
    • Represented major securities firms in numerous disputes related to securities transactions, such as arbitrary and/or discretionary transactions
    • Represented Consus Asset Management in a KRW 46 billion lawsuit related to a real estate PF
    • Represented financial institutions, which provided project financings for real estate development projects in numerous lawsuits against the project operators and construction companies, etc.
    • Participated in general lawsuits involving financial institutions, including Shinhan Bank, IBK, SC Bank, Citibank Korea, Korea Exim Bank, HSBC, etc., regarding a wide range of issues, including revocation of deceptive act, employer’s liability, etc.
    • Represented insurance companies, including Samsung Fire & Marine Insurance, LIG Insurance, Seoul Guarantee Insurance Company, Samsung Life, Fubon Hyundai Life, etc., in lawsuits claiming payment of insurance benefits
    • Represented financial institutions (creditors) in numerous lawsuits related to bankruptcy, such as investigation and confirmation of claims in bankruptcy, etc.
    • Participated in numerous lawsuits for injunctions regarding de-listing and lawsuits on the merits