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15 Mar 2011

[ASIAN-MENA COUNSEL] Yulchon’s Antitrust Team Wins an ASIAN-MENA COUNSEL 2010 Deal of the Year Award

Yulchon received an ASIAN-MENA COUNSEL 2010 Deal of the Year award for its work on the Korea Fair Trade Commission’s (KFTC) investigation into the global air cargo surcharge cartel.

Yulchon’s Antitrust Team represented Lufthansa in the KFTC investigation into 21 air cargo transportation carriers for colluding on air cargo surcharges. ASIAN-MENA COUNSEL writes, “The case was made particularly complex by the sheer number of defendants and witnesses involved. According to media reports at the time, more than 50 airline executives from around the world were investigated and it was the first time the KFTC had conducted a joint investigation with foreign antitrust agencies.” Representation of Lufthansa was especially significant because of the complexity involved in the proceedings, which precipitated a change in the relevant Korean governmental regulation.

ASIAN-MENA COUNSEL also recognized Yulchon’s work on the Samsung Engineering tax refund case involving employee stock options, Honam Petrochemical's acquisition of Titan Chemical Corp. Bhd, and Lotte Shopping's acquisition of GS Retail's discount and department stores as Honorable Mention Deals of the Year.

ASIAN-MENA COUNSEL, a monthly magazine addressing the concerns of in-house lawyers across Asia, provides analysis of vital legal, regulatory and business issues, along with news and profiles of leading in-house practitioners. Winning deals were selected based on size, complexity, uniqueness, or a combination of these characteristics, while deals which did not make the final cut were awarded “Honorable Mentions” for their overall excellence.


  • Deals & Cases
  • Publications
  • Yulchon News
  • Press Mentions

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