ClassHankyul has extensive experience and knowledge in various issues arising from the management of non-performing loans, including provisional seizure, enforcement, litigation and related advice, as well as various issues arising to rehabilitated companies, bankrupt companies and their stakeholders such as creditors, including petitions for the commencement of rehabilitation, M&A in rehabilitation proceedings, applications for the abolition of rehabilitation, final judgment on credit investigations, and bankruptcy petitions.
In addition, we have participated as the bank's legal counsel in the sale projects of non-performing loans of commercial banks, advising on various legal issues related to the sale, drafting and reviewing asset transfer agreements and ancillary agreements, and all other matters leading up to the closing of the transaction; have successfully provided a number of services over the years, including asset securitization transactions using non-performing loans as the underlying assets and the establishment of corporate financial stability PEFs; and are currently promoting the reorganization, management, and normalization of non-performing PF businesses, which have attracted attention due to the recent financial crisis and real estate market downturn.
With this experience and knowledge, we have the ability to provide prompt and appropriate legal services on a myriad of issues that arise in the course of managing, selling, acquiring and utilizing non-performing loans.
Introduction
Major Business
- Advice on provisional seizure, enforcement, litigation and related issues arising from the management and recovery of non-performing loans
- Advising and litigating in connection with petitions for the commencement of rehabilitation, bankruptcy petitions and other corporate reorganization and bankruptcy proceedings
- Advice on various legal issues related to the sale of non-performing loans
- Preparation and review of asset transfer agreements for the sale of non-performing loans
- Assisting the sell-side in all aspects of the sale of non-performing loans projects
- Execution of asset securitization transactions using non-performing loans as underlying assets and establishment of corporate financial stability PEFs
- Work on the normalization of non-performing PF businesses
- Advising and litigating in connection with petitions for the commencement of rehabilitation, bankruptcy petitions and other corporate reorganization and bankruptcy proceedings
- Advice on various legal issues related to the sale of non-performing loans
- Preparation and review of asset transfer agreements for the sale of non-performing loans
- Assisting the sell-side in all aspects of the sale of non-performing loans projects
- Execution of asset securitization transactions using non-performing loans as underlying assets and establishment of corporate financial stability PEFs
- Work on the normalization of non-performing PF businesses
Major Performance
- Worked on the normalization of non-performing PF businesses in Gwanjeo District, Daejeon
- Established several corporate financial stability PEFs, including United Turnaround First Corporate Financial Stability PEF, United Turnaround Second Corporate Financial Stability Fund, and United PF First Corporate Financial Stability PEF, etc., and underwrote corporate restructuring bonds
- Proceeded NPL sale projects of commercial banks (as legal counsel to the seller) and conducted due diligence (KEB Hana Bank NPL Program, Former Hana Bank NPL Program, Former Korea Exchange Bank NPL Program, Shinhan Bank NPL Program, IBK NPL Program, Oryx Savings Bank NPL Program, SBI Savings Bank NPL Program)
- Handled the sale of KRW 1.2 trillion worth of bonds to Dongah Construction Industrial (main bond bank: former Korea Exchange Bank)
- Handled the acquisition and asset securitization of UAMCO's corporate restructuring bonds held by NH, KB, IBK, Woori Bank and Hana Bank
- Advised UAMCO on the acquisition and asset securitization of NPLs held by NH and KB (U&K First Securitization SPC)
- Advised UAMCO on the acquisition and asset securitization of NPLs held by Hana Bank and KB (UHCK First Securitization SPC)
- Advised UAMCO on the acquisition and asset securitization of NPLs held by NH (U&J Second Securitization SPC)
- Advised Shinhan BNPP EVER FINE Private Real Estate Investment Trust No. 1 on the acquisition and asset securitization of NPLs held by Standard Chartered Bank Korea (KDF Second Securitization SPC)
- Advised Shinhan BNPP EVER FINE Private Real Estate Investment Trust No. 1 on the acquisition and asset securitization of NPLs held by Samsung Securities and Korea Development Finance (KDF Third Securitization SPC)
- Advised Fine Partners on the acquisition and asset securitization of Shinhan 2009-1 Program NPL held by KDB Capital
- Advised Fine Partners on the acquisition and asset securitization of Shinhan 2009-2 Program NPL held by Korea Development Finance
- Advised Fine Partners on the acquisition and 2nd-stage asset securitization of KB 2009-1 Program NPL
- Advised Fine Partners on the acquisition and asset securitization of Shinhan 2009-3 Program NPL held by UAMCO
- Advised Fine Partners on Jiangsu, Shandong, and Beijing NPLs pursued by KDB Capital
- Equity and bonds of an offshore financial company in Hong Kong held by Korea Private China NPL Bond Investment Trust No. 1
- Established several corporate financial stability PEFs, including United Turnaround First Corporate Financial Stability PEF, United Turnaround Second Corporate Financial Stability Fund, and United PF First Corporate Financial Stability PEF, etc., and underwrote corporate restructuring bonds
- Proceeded NPL sale projects of commercial banks (as legal counsel to the seller) and conducted due diligence (KEB Hana Bank NPL Program, Former Hana Bank NPL Program, Former Korea Exchange Bank NPL Program, Shinhan Bank NPL Program, IBK NPL Program, Oryx Savings Bank NPL Program, SBI Savings Bank NPL Program)
- Handled the sale of KRW 1.2 trillion worth of bonds to Dongah Construction Industrial (main bond bank: former Korea Exchange Bank)
- Handled the acquisition and asset securitization of UAMCO's corporate restructuring bonds held by NH, KB, IBK, Woori Bank and Hana Bank
- Advised UAMCO on the acquisition and asset securitization of NPLs held by NH and KB (U&K First Securitization SPC)
- Advised UAMCO on the acquisition and asset securitization of NPLs held by Hana Bank and KB (UHCK First Securitization SPC)
- Advised UAMCO on the acquisition and asset securitization of NPLs held by NH (U&J Second Securitization SPC)
- Advised Shinhan BNPP EVER FINE Private Real Estate Investment Trust No. 1 on the acquisition and asset securitization of NPLs held by Standard Chartered Bank Korea (KDF Second Securitization SPC)
- Advised Shinhan BNPP EVER FINE Private Real Estate Investment Trust No. 1 on the acquisition and asset securitization of NPLs held by Samsung Securities and Korea Development Finance (KDF Third Securitization SPC)
- Advised Fine Partners on the acquisition and asset securitization of Shinhan 2009-1 Program NPL held by KDB Capital
- Advised Fine Partners on the acquisition and asset securitization of Shinhan 2009-2 Program NPL held by Korea Development Finance
- Advised Fine Partners on the acquisition and 2nd-stage asset securitization of KB 2009-1 Program NPL
- Advised Fine Partners on the acquisition and asset securitization of Shinhan 2009-3 Program NPL held by UAMCO
- Advised Fine Partners on Jiangsu, Shandong, and Beijing NPLs pursued by KDB Capital
- Equity and bonds of an offshore financial company in Hong Kong held by Korea Private China NPL Bond Investment Trust No. 1
Related members
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- Capital Markets and Financial Investment Services (Financial Investment Trading/Investment Brokerage/Trust/Collective Investment/Private Equity Fund (PEF))
- Securitization/Structured Finance and Acquisition Finance
- Securities
- Project Finance
- Real Estate Finance (PF, REIT, Real Estate Trust, SOC, BTL, BTO)
- (New and Renewable) Energy Finance
- Non-Performing Loan (NPL)
- Financial Regulation
- Financial Instrument Investor Litigation
- Insurance
- Overseas Finance / Overseas Investment / Foreign Exchange Transactions / Foreign Investment
- China Practice