ClassHankyul 법무법인(유한) 클라스한결

While construction claims have only been recognized domestically for a few years, construction claims abroad have been around for a very long time.

In general, the overseas view of construction claims differs significantly from ours, seeking a more objective allocation, taking into account the long-term nature of construction work and recognizing that claims will inevitably arise, so that it is not a question of whether a claim arises, but how it is reasonably settled between the parties.

In other words, on overseas construction sites, claims are expected and the other party is willing to settle them, so as long as the facts and regulations are met, they will pay everything they are owed. Due to the conditions of the overseas construction market, in the case of overseas construction projects, construction companies tend to actively respond to claims from the bidding stage, and claims arising during construction are resolved through procedures such as legal advice, negotiation and arbitration, so domestic construction companies need legal services from legal experts who have a comprehensive understanding of these characteristics and procedures and are experienced in handling cases. In particular, dispute resolution in overseas construction projects is usually handled by foreign law firms that have established global networks overseas, so it is important for domestic construction companies to obtain prompt legal advice from a law firm specializing in overseas construction.

ClassHankyul's Construction & Real Estate Team is able to provide more advanced legal services to meet the diverse needs of domestic construction companies by partnering with various international law firms specializing in construction and utilizing its network of specialized lawyers formed in the course of handling numerous overseas construction disputes, and is able to meet the legal needs of domestic construction companies in more complex overseas construction projects, especially with its experience in advising on overseas mineral development projects, power generation projects, railway construction projects, etc.