Yoon & Yang is pleased to share that 5 partners have been named as ‘Stand-out Lawyers 2024’ by Thomson Reuters. See the full list of our Stand-out Lawyers 2024. Soonghee LeeChul Ho KimSang Hyun Ahn Chan-Keun ParkEdward Dhong Every year, Thomson Reuters surveys more than 2,000 senior in-house legal counsels and buyers of legal service globally as a part of Sharplegal Study, to identify the most stellar performance lawyers in private practice over the last 12 months and then recognize them as ‘Stand-out Lawyers’ list.
Yoon & Yang recently became the nation's first law firm to organize a team dedicated to legal affairs related to the gaming industry. The law firm emphasized that it will preemptively support gaming firms facing difficulties due to unprecedented regulations and legal disputes.
In the Chambers Global Legal Guide 2024, Yoon & Yang’s eleven lawyers have been recognized as leading individuals in South Korea in six following practice areas: Capital Markets, Corporate/M&A, Dispute Resolution: Arbitration, Dispute Resolution: Litigation, Intellectual Property and International Trade. In particular, partners Dong-Won Jung and Sangman Kim have been newly ranked in International Trade and Corporate/M&A respectively. List of Yoon & Yang’s leading individuals in each practice area is as follows (in alphabetical order): Dong-Won JungInternational Trade (Band 3) Sung Woon KangCapital Markets (Band 3) Kayoung KimCorporate/M&A (Up and Coming) Myung-Ahn KimDispute Resolution: Arbitration (Band 3) Sangman KimCorporate/M&A (Band 4) Sam KimDispute Resolution: Arbitration (Band 3) Sung-Jin KimCorporate/M&A (Band 3) Wonil KimIntellectual Property (Band 4) Junsang LeeDispute Resolution: Arbitration (Band 4) Sungbum LeeInternational Trade (Band 2) Seung Ryong YooDispute Resolution: Litigation (Band 2) Chambers Global 2024
The Legal 500 published its Asia-Pacific 2024 edition and Yoon & Yang’s 9 lawyers have been selected as ‘Leading Individual’, ‘Next Generation Partner’ and ‘Rising Star’ in their respective practice areas. In particular, Chul Ho Kim has been newly recognized as a Leading Individual in Antitrust and Competition area. The Legal 500, a legal directory published by Legalease, annually evaluates law firms and lawyers across the globe through in-depth research based on work performance and client/peer surveys. List of Yoon & Yang’s ranked individuals in each practice area is as follows: Antitrust and CompetitionChul Ho Kim Dispute ResolutionSue Yeon Woo, Seung Ryong Yoo International ArbitrationMyung-Ahn Kim Labour and EmploymentSeong Hong Regulatory: Compliance and InvestigationsSeung Ryong Yoo TaxJung Yeol Lee, Oh-Young Jeon TMTKwang-Wook Lee Corporate and M&AJae Young Yu The Legal 500 Asia Pacific 2024
Yoon & Yang successfully advised the merger between Celltrion, one of the largest pharmaceutical and bio companies in South Korea with a combined assets of KRW 5.9 trillion, and Celltrion Healthcare, which also has assets of approximately KRW 4 trillion. While providing legal advice during the merger between Celltrion and Celltrion Healthcare and the post-merger integration (PMI) process, Yoon & Yang reviewed various issues that may arise during the merger process, and devised an effective solution to maximize the synergy of the merger by proactively responding to the issues. Beyond advising on mere mergers transaction between two parties, Yoon & Yang advised the clients on a wide array of issues such as integration of organizational structure, as well as post-merger operations.
Yoon & Yang has welcomed back Joseph Lee, an international construction and arbitration expert, as a partner at its Seoul headquarters.
Law firms in Korea, Japan and Singapore have bolstered their international arbitration practice with cross-jurisdictional hires.
Yoon & Yang successfully closed the deal to sell shares and convertible bonds issued by Osstem Implant along with four of its subsidiaries on behalf of the controlling shareholder of Osstem Implant, the global market leader in dental implants. Specifically, Yoon & Yang provided comprehensive advice for the controlling shareholder from the start to the end of the transaction, including establishment and review of the transaction structure, drafting, review and negotiation of various agreements, drafting, review and procedural advice related to public tender offers and disclosures, and tax advice. This transaction consisted of (i) the sale of old shares and convertible bonds owned by the controlling shareholder and its related parties, (ii) the public tender offer for shares held by ordinary shareholders, and (iii) the issuance of the buyer’s bonds with warrants (BW) to the controlling shareholder and its related parties , and the total transaction amount reached over KRW 2.23 trillion. Despite facing intricate transactional challenges such as public tender offer conditions and a joint management plan for Osstem Implant, Yoon & Yang successfully resolved the complex legal issues without neglecting both parties' needs, ensuring another seamless deal completion.
On February 7, 2023, SM ENTERTAINMENT (“SM”) resolved to issue new shares valued at around KRW 111.9 billion and convertible bonds amounting to around KRW 105.2 billion to KAKAO via a third-party allotment. In response, Mr. Lee Soo Man, SM’s former executive producer, filed for a provisional injunction against SM’s issuance of these new shares and convertible bonds, asserting that the resolution by SM’s current management was made in an unlawful attempt to influence the company’s control and governance.Indeed, Mr. Lee Soo Man’s motion for provisional injunction garnered significant attention both domestically and worldwide as it revealed the possibility of a management dispute between SM and KAKAO.Yoon & Yang, the legal counsel for Mr. Lee Soo Man, vigorously argued in its motion for the provisional injunction as follows: (i) The issuance of new shares and convertible bonds via a third-party allotment must be legitimately in line with the company’s managerial objectives; and (ii) the issuance should only be permitted if it is considered unavoidable even though it would infringe upon the preemptive rights of existing shareholders. However, (iii) SM’s issuance failed to satisfy the foregoing requirements.In particular, Yoon & Yang maintained that, given SM’s ample cash liquidity, SM lacked any compelling managerial need to raise funds from a third party in violation of the proportional interests of existing shareholders. Further, Yoon & Yang asserted that SM lacked a valid basis for issuing such substantial amount of new shares and convertible bonds, which represent nearly 9.5% of SM’s total stake, through a third-party allotment.On March 3, 2023, the Seoul Eastern District Court accepted most of Yoon & Yang’s arguments and granted Mr. Lee Soo Man’s provisional injunction against SM’s issuance of new shares and convertible bonds. Specifically, the Court endorsed the arguments put forth by Yoon & Yang on the following grounds: (i) Considering SM’s managerial objectives, such as securing urgent funds, expanding business operations, and forming strategic partnerships, it cannot be readily concluded that SM had a compelling managerial need to allocate and issue new shares and convertible bonds to KAKAO in disregard of the preemptive rights of existing shareholders; and (ii) there is considerable cause for concern that issuing new shares and convertible bonds in a seemingly unfair manner or in violation of the Korean Commercial Code and SM’s Articles of Incorporation may adversely influence existing shareholders by potentially infringing upon their proportional interests or diluting their control in SM. Yoon & Yang now has successfully amassed a record of accomplishment in management disputes related to the issuance of new shares and convertible bonds allocated to third parties. In 2020, Yoon & Yang successfully defended Hanjin KAL against the motion for preliminary injunction by activist fund KCGI to prohibit Hanjin KAL from issuing new shares through a third-party allotment to the Korea Development Bank for the purpose of participating in the paid-in capital increase of Korean Air to acquire Asiana Airlines.
Yoon & Yang LLC has been invited to present at the Korea Anti-Corruption Forum organized by Asian Legal Business at JW Marriott Hotel on March 29th. Yoon & Yang’s partner Dong Eon Cha will give a presentation on the Korea’s anti-corruption investigations and the heightened anti-corruption standards under the Improper Solicitation and Graft Act.
Yoon & Yang LLC sponsored 2020 In-House Community eCongress Vietnam and South Korea, hosted by In-House Community.
Yoon & Yang LLC participated in In-House Congress (IHC) Ho Chi Minh City 2019 as a panelist of the Plenary Session and as speakers at the Workshop Session.
Grounded on Yoon & Yang’s chance to provide legal advice to a large
domestic IT company that faced a lawsuit in the U.S., Yoon & Yang
started to conduct forensic tasks in 2014, and launched the digital
forensic center in September, 2019.
There are 45 professionals that are part of the Yoon & Yang digital forensic center, including Young Min Suh Esq., who is the center’s head, along with 27 partners, 3 forensic specialists and senior researchers, and approximately 15 professional reviewers.
In the era of the Fourth Industrial Revolution, information protection has become a core technology to all industries. The breach of personal information and confidential corporate information through cybersecurity incidents has now become so significant as to determine the very survival of the corporation, and managing the legal and technical risks of information security has now become a key aspect of corporate management. Yoon & Yang’s Information Security Center, led by its Director, is comprised of attorneys specializing in the protection of personal information.
As an aftermath to the rapid change in the management atmosphere such as the rise of importance in the environment, capitalism of stakeholders, etc., that has occurred due to global climate change, ESG has now become an inevitable trait that companies must be equipped with, in order to maintain itself as a sustainable company. Yoon & Yang is providing tailored advice related to a variety of ESG issues covering companies’ future strategies, compliance, and enforcement that arise in this ESG era with its ESG professionals (attorneys and consultants, etc.) that specialize in environment, labor, information and human rights, green finance, anti-corruption, compliance, etc.
Yoon & Yang’s Discovery Center provides prompt and efficient document review and support to affiliated personnel’s interview/deposition processes in order to efficiently reduce the expenses that are put in the discovery process that is conducted as a response to the investigation, etc., conducted by the government entities or international organizations when domestic corporations engage in litigation and arbitration within Korea and overseas, and effectively manage a variety of discovery risks. For overseas disputes, the Discovery Center works with clients' legal teams to design discovery procedures tailored to the needs of clients and local law firms representing the clients overseas, and adopts a flexible and collaborative operating structure.
The Yoon & Yang Environmental Regulation Response Center is comprised of attorneys with expertise in environmental law and experts who have accumulated practical experience in environmental agencies. Based on our extensive advisory experience and understanding of policies, institutions, technologies, and industries, we provide comprehensive legal services including advice on all environmental laws and regulations, M&A due diligence, and response to administrative adjudication, administrative & civil litigation, and criminal punishment.
To assist corporations in establishing systems for serious accident
preparedness, Yoon & Yang LLC now operates the Corporate Preparedness
Review Center with experts from various fields, having entered into a
strategic alliance with the Cadmus Group, a US Department of Homeland
Security (DHS) contractor.
Taking advantage of the serious accidents prevention and response system successfully implemented by the Cadmus Group in the US and its vast industry and company data, the Yoon & Yang CPR Center provides its services based on scenarios tailored to Korean companies. This helps Korean companies prepare a robust and individualized preparedness system.
We are seeking lawyers who share our vision
for the firm to become Korea’s leading law
firm with lawyers who are recognized both
locally and internationally.
We are seeking lawyers who are continuously
striving to develop and improve their legal
capabilities and expertise.
We are seeking lawyers who are driven,
dedicated and passionate who will provide
optimal solutions to our clients.
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