15 Dec 2016
Yulchon’s Real Estate & Construction Group successfully advised PPFA Korea I Pte. Ltd, an investment vehicle established by Morgan Stanley, in a transaction involving the purchase of beneficiary certificates issued by a real estate fund (“REF”) owning the SK Susong Tower located in Seoul, Korea. The transaction value was KRW 218 billion (approx. USD 194 million).
9 Dec 2016
Yulchon’s Antitrust Group successfully secured antitrust clearance from the Korea Fair Trade Commission(KFTC) for Boehringer Ingelheim International GmbH (BI) in its USD 25 billion business swap with another global pharmaceutical company, Sanofi, where BI acquired Sanofi’s animal health product business and transferred BI’s consumer healthcare business to Sanofi.
25 Oct 2016
Yulchon successfully advised the BMW Group as the lead deal counsel on issuing asset-backed securities (“ABS”) backed by the auto loan and finance lease receivables and other ancillary rights acquired by BMW Financial Services Korea in the Korean public securities market. The aggregate ABS issuance amount was KRW 300 billion (approx. USD 267 million).
11 Oct 2016
Yulchon’s Financial Institution Group successfully represented the Korea Housing Finance Corporation (“KHFC”) in connection with its fifth issuance of cross-border covered bonds in November 2016.
30 Sep 2016
Yulchon represented Unison Capital Korea (“Unison”) in its successful acquisition of a controlling interest in Gourmet F&B Korea Co., Ltd. (“Gourmet F&B”), a company specializing in trading, import and distribution of foods and beverages, from the two largest shareholders of Gourmet F&B (“Sellers”).
23 Sep 2016
Yulchon has successfully represented one of Korea’s largest insurance company (“S”) in an over 10-year-long legal battle against a construction company (“H”), during which the Supreme Court of Korea remanded the lower court’s decision in four separate instances in favor of S.
29 Aug 2016
Yulchon successfully persuaded the Supreme Court of Korea to dismiss a claim filed by Bank Mellat, an Iranian Bank, against the Ministry of Strategy and Finance (“MSF”) in relation to MSF’s decision to restrict Bank Mellat’s financial transactions within Korea.
30 Jun 2016
Yulchon advised Kumho Industrial Co., Ltd and Asiana Airlines. Inc (the “Clients”) on the sale of their combined 100% ownership interest in Kumho Asiana Plaza to Mapletree Investments, a Singaporean investor, for USD 310 million.
24 Jun 2016
In a lawsuit where Korea United Pharm. Inc. (the ‘Counterparty’) accused seven pharmaceutical companies, including Kolmar Korea (the ‘Client’) of patent infringement, Yulchon successfully defended the Client and won on grounds of non-infringement, without hearings on invalidity or compensation of damages.
7 Jun 2016
Yulchon successfully represented Marriott International, Inc. in its merger with Starwood Hotels & Resorts Worldwide, Inc. With this highly publicized acquisition of Starwood, Marriott is set to become the world’s largest hotel and Leisure Company.