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Insolvency Law - September 2016

USA, South Korea, Global, Japan - September 22 2016 On August 31, 2016 Hanjin Shipping filed a rehabilitation petition with the Seoul Central District Court. The Case number is Seoul Central District...

Jung Seok Ryu, Hae Duk Jung, Jun Sang Lee.


Enactment of the amended DRBA to prohibit reacquisition of a company under reorganization by business owner responsible for the bankruptcy

South Korea - January 14 2015 The Debtor Rehabilitation and Bankruptcy Act ("DRBA") amended on October 15, 2014 for the purpose of prohibiting business owners responsible for the...

Jung Seok Ryu, Myung Ok Lee.


Same principles of LBO should apply to companies under reorganization

South Korea - September 14 2012 Regarding the acquisition of a company under reorganization according to the Debtor Rehabilitation and Bankruptcy Act, the Supreme Court ruled on June 14, 2012 that the general principles of a leverage buy-out ("LBO") should apply....

Ho Seung Yang.