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25 Oct 2016

Successfully Advised BMW Group on Issuing Asset-Backed Securities Backed by Auto Loan and Finance Lease Receivables

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).


While representing the headquarters of a global carmaker, Yulchon provided comprehensive legal services, including drafting and negotiating international-level transaction documents, preparing documents ancillary to the transaction, publicly disclosing the asset securitization, and reviewing and responding to various legal issues arising from or relating to the transaction, and as a result, effectively and efficiently consummated the transaction through its abundant experience and expert know-how gained from dealing with similar transactions.


Under the overall direction of Hee Woong Yoon, head of the Corporate & Finance Group, Ben B. Hur, Kyu Sik Kim and Min Suk Choi were involved in this matter. 

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