DORSEY & WHITNEY LLP. Korea Practice. Insight into Korea and Asia Understanding Your Business Securing Your Goals

Transcription

1 DORSEY & WHITNEY LLP Korea Practice Insight into Korea and Asia Understanding Your Business Securing Your Goals

2 On the surface, law firms are virtually indistinguishable from each other. Finding the right law firm for your business, however, can be a crucial choice given the stakes in even the most routine legal matters, your company s success is on the line. Your company s legal issues are first and foremost business issues. So your law firm must understand your business environment: your region, your industry, your customers, your market and your business goals. Your legal team should make your life easier and reduce your managerial burden. Because we understand these basic tenets, over the past century successful companies around the world have come to rely on Dorsey to help meet their legal and business challenges. Founded in 1912, Dorsey is an international firm with offices across the United States and in Canada, Europe and the Asia-Pacific region. Our involvement in Asia began in With locations in Hong Kong and Shanghai, we collaborate across practice areas and across our international and U.S. offices to assemble the best team for our clients. Members of Dorsey s Korea practice team have over 14 years of experience in advising Korean and international clients in Korea, including engagements in several hig-profile transactions. Our Korea practice operates mainly from our offices in, Shanghai, New York, London, Seattle and Southern California. Dorsey s Korea practice team is led by lawyers who are completely bilingual in Korean and English. The Korea practice team has an in-depth understanding of the corporate culture and business practices in Korea. Following Dorsey s strenth as a firm, our Korea practice is multi-disciplinary covering corporate practices such as M&A, capital markets, private equity, cross-border joint ventures, project finance, leveraged finance, Korea China transactions and Korea U.S. transactions; dispute resolution, including cross-border litigation and arbitration; and international trade.

3 Mergers & Acquisitions With offices in the U.S., Canada,, Shanghai and London, Dorsey is a leader among law firms, year in and year out, in the number of M&A transactions completed. Dorsey M&A attorneys in and Shanghai, including multilingual Korean and native or overseas Chinese speakers with local and foreign qualifications, help both Asian and foreign clients navigate the legal and business landscape and complete a full range of M&A transactions, including: Global and regional mergers Strategic alliances and joint ventures Going private transactions Leveraged buyouts and other private equity transactions Technology licensing and distributor arrangements In Korea, we have advised various Korean and international clients with respect to some of the landmark M&A transactions, including representation of LG Electronics in the US$2.2 billion merger of LG Semicon with Hyundai Electronic Industries. We also represented Korea Deposit Insurance Corporation in the US$520 million sale of its interest of Daehan Investments & Securities to Hana Bank and the US$494 million sale of its interest in Korea Investment & Securities to Dongwon Financial Holdings. The lawyers of our Korea practice team have also advised corporations in Korea, including Samsung Electronics, Hyundai Heavy Industries and Korea Electric Power Corporation in connection with various M&A transactions. Our extensive experience representing buyers, sellers, investment banks and other advisors gives Dorsey M&A lawyers an in-depth understanding of all aspects of complex cross-border and purely domestic transactions covering a broad range of industries, including: Health care Agriculture Life sciences Food Financial services Mining Energy Manufacturing Technology Consumer goods Longstanding clients, repeat deal activity and consistent referrals attest to the value that Dorsey M&A attorneys bring to transactions. In addition to high-level technical capabilities, Dorsey M&A attorneys are committed to understanding our clients businesses, to providing topnotch client service and to helping our clients succeed, through an integrated team approach. Our relentless focus on client success is why clients of all sizes, whether new and emerging companies or Fortune 500 companies, count on Dorsey to complete their deals. Dorsey consistently ranks among the leading firms in the United States in completed M&A transactions. The volume of deals we complete gives us a level of knowledge that is second to none. As leaders in the practice, we stay abreast of the latest developing trends in M&A law and practice. International Capital Markets Issuers, investors and underwriters draw upon the hybrid set of skills and experiences of our international capital markets team. With our regional focus and international experience, we offer our clients enhanced value-added services in the capital raising process. Our one-firm approach makes us particularly adept at dealing with complex multi-jurisdictional and multi-lingual matters. Our international capital markets practice focuses on the following core areas: Korean and International Companies and Investment Banks The lawyers of our Korea practice team have advised Korean and international companies and investment banks on various types of the international capital markets activities, including high-profile transactions in Korea: Initial public offerings ( IPOs ) and listings on the stock exchanges in Korea,, Singapore, London and New York International private placements of equity, debt, convertible bonds and high-yield bonds under Rule 144A and Regulation S Private Investment in Public Equity (PIPEs) offerings Pre-IPO restructuring and financing Compliance with securities law reporting and disclosure requirements Primary and Secondary Offerings and Natural Resources Industry Focus Apart from IPOs and private placements, we regularly assist overseas listed companies with respect to their secondary offerings in, London and North American markets. Over the past several years, we advised on pioneering deals and gained extensive industry knowledge in the natural resources sector through: Secondary offerings and listings on the Stock Exchange of mining companies already listed on major stock exchanges in countries such as Australia and Canada IPOs of both international and local natural resources companies on the Stock Exchange Primary offerings and listings of U.S. and Canadian mining companies in the U.S. Private placements (Rule 144A) of mining company securities Delisting, Deregistration and Relisting While a U.S. listing can provide important benefits for many non-u.s. issuers, for some other companies the burden of U.S. public reporting requirements significantly outweighs the benefits. For those companies, we also advise on voluntary and involuntary delistings from U.S. stock exchanges and on SEC deregistration for Asian companies who desire to exit the U.S. Securities and Exchange Act public reporting system, whether in anticipation of listing or relisting outside the United States or otherwise.

4 China s International Stock Board As China will soon launch the first-ever international stock board for IPOs and trading of non-chinese companies, we are already working with clients, banks, issuers, authorities and market participants to capture opportunities in one of the most exciting RMBdenominated stock markets in the world. India Practice Our India capital markets attorneys were among the first international lawyers to work on corporate finance transactions in India. We are a leading player among international law firms in the Indian capital markets. We advise international investment banks and Indian companies (from high-growth industries to massive, public sector enterprises) on a range of international securities issues, including: International counsel for IPOs, follow-on offerings and Rule 144A placements by Indian companies International counsel for Qualified Institutional Placements in India and Regulation S offerings outside of India by Indian companies Private Equity and Emerging Companies Private equity dealmakers face unique challenges in structuring and completing private equity transactions in Asia. Dorsey attorneys use their considerable knowledge of the local investment environment to take a practical approach in the context of the business deal at hand in order to help our clients accomplish their goals. To that end, we recognize the importance of getting the deal done. That is why financial sponsors (buyout funds, venture funds, hedge funds, banks, funds of funds and high net worth individuals), their portfolio companies, management groups, lenders, financial advisors, business brokers and other parties count on Dorsey for help with a broad variety of private equity investment transactions that take place in Asia, including: Early stage and venture capital financings Growth, mezzanine and other later stage financings Acquisition debt and leveraged buyouts PIPEs We also advise private equity sponsors on the formation of private investment funds, including RMB-denominated funds. The lawyers of our Korea practice team have advised private equity funds, including KKR, Sonnedix and Herakles Fund in connection with various private equity transactions. Financial Services Along with China s growth to become the second largest economy in the world, has risen to prominence as a key international financial services market and Shanghai is pushing to become a global financial center by The Asian financial services sector is becoming an increasingly important aspect of Asia s, and indeed the global, economy. The Chinese government seeks to ensure that the rapid development of the Chinese financial services sector evolves within a framework of managed risk and strict regulation so as to protect the sector against fluctuating economic conditions. Global financial institutions face unique challenges in mitigating risks and adapting to regulatory and market conditions. Global financial institutions therefore require advisers who combine technical expertise with localised market knowledge and experience. Our Asian financial services team guides asset managers, banks, insurers and brokers through the morass of financial services legislation and leverages our relationships of trust with market players and regulatory and industry bodies to help foreign financial institutions to achieve their business objectives in Asia. Our expertise includes: Advising foreign financial institutions on the establishment of a legal presence and foreign direct investment (strategic or otherwise) in the Chinese financial services sector funds. The investment funds sector in China intersects various laws and regulations across (potentially) multiple jurisdictions. Dorsey lawyers understand the issues that may arise and are able to advise our clients on relevant securities, tax, ERISA, regulatory and governance issues, as well as the capital raising process. Since each client has unique business requirements, we help devise the appropriate fund structure for each client s individual needs, including limited partnerships, corporations and limited liability companies, as well as master-feeder and parallel fund structures. Dorsey is also dedicated to understanding the needs of, and counseling, emerging companies. By leveraging our firm-wide network of relationships with venture capital firms, private equity funds, banks, accounting firms, government groups and

5 universities, we are well placed to help emerging companies move from one stage to the next. This, coupled with our on the ground international capital markets, M&A and intellectual property capability, means we are able to scale with our clients as they grow, both in Asia and globally. Advising foreign financial institutions on their participation in the qualified foreign institutional investor ( QFII ) scheme and on how they can play an active role in the qualified domestic institutional investor ( QDII ) scheme in China. Assisting foreign financial institutions to capture outbound opportunities arising from managing China s National Social Security Fund, China Investment Corporation s overseas investments or other forms of strategic cooperation with China s key financial institutions. Intellectual Property Businesses count on Dorsey to help select, protect and enforce key assets that distinguish them from the competition: intellectual property rights. Our Asia intellectual property team focuses primarily on intellectual property matters in Asia, particularly Greater China. Equipped with the relevant technical expertise and industry knowledge, our lawyers provide tailored solutions to multinational corporations in a broad range of industries in relation to acquiring and maintaining intellectual property rights and to implementing global intellectual property protection and licensing strategies. In particular, we provide dedicated services in the following areas of intellectual property law: Trademarks Anti-counterfeiting and Domain names other intellectual property Patents enforcement actions Copyright Trade secrets Licensing strategies Trade names Franchising Due diligence International Dispute Resolution Cross-border commercial disputes are an inevitable and complex by-product of the burgeoning level of international trade and investment in a globalizing economy. Dorsey s international dispute resolution practice combines the firm s broad-based strengths in commercial litigation and arbitration with its decades of international experience. For example, Dorsey litigators in New York represent some of Asia s largest banks in a variety of disputes. These disputes often raise complicated cross-border issues, including the extraterritorial enforcement of subpoenas, asset restraints and judgments and the extraterritorial application of various U.S. statutes. Chambers USA, which publishes the world s leading guides to the legal profession, recently stated that when complicated or high-risk [litigation] matters surface, Dorsey stands out. Clients interviewed by Chambers USA have described Dorsey s litigation group as extremely intelligent and well organized - it focuses on the key issues and comes back with excellent results. Together, Dorsey litigators have experience, in particular, in the following matters: Planning for dispute resolution in connection with contract negotiations Drafting of customized, state-of-the-art choice of law, forum-selection and arbitration clauses for commercial contracts Development of global dispute-resolution strategies for disputes arising between or among parties in multiple jurisdictions International service of process and discovery in connection with cross-border litigation Litigating in U.S., U.K. and courts, including disputes involving foreign parties and/or cross-border conflicts Supervising and supporting litigation in other jurisdictions in close cooperation with local counsel Arbitration of disputes governed by the laws of common-law jurisdictions or by international law, including AAA, ICC, LCIA, HKIAC, UNCITRAL and ICSID rules International enforcement of court judgments and arbitral awards International Trade Dorsey international trade attorneys specialize in helping companies deal with problems related to the importation of products into the U.S., including advising and representing U.S. and foreign companies in international trade matters before the U.S. Commerce Department ( Commerce ), U.S. International Trade Commission ( ITC ), Customs and Border Protection ( CBP ) and the U.S. Trade Representative ( USTR ). Some of these matters include: U.S. antidumping and countervailing duty cases before Commerce and ITC U.S. safeguard cases under section 201, the Escape Clause, and section 421, and special safeguard cases against China before ITC and USTR Section 337 trade cases, involving imports in violation of patents and other intellectual property, before the ITC CBP matters, including tariff classification, country of origin, valuation, and other issues related to importation of products into the U.S., including Aphis and Bioterrorism Deemed exports and the application of U.S. export control laws to persons of different or dual nationalities

6 National Security Law Practice Dorsey attorneys offer in-depth experience and expertise in handling a wide range of business transactions that involve national security considerations under U.S. and European Union law. Our knowledge includes: Export controls on dual use, military and nuclear end use items United Nations and national sanctions and embargoes, including the embargoes administered by the Office of Foreign Assets Control ( OFAC ) within the U.S. Department of the Treasury Public disclosures about business dealings with embargoed countries, including those administered by the Office of Global Security Risk ( OGSR ) at the U.S. Securities and Exchange Commission Equity investments in or acquisitions of U.S. defense contractors or other enterprises that may involve issues of national security or homeland security, including clearances through the Committee on Foreign Investments in the United States ( CFIUS ) under the Exon-Florio law Security clearances and the use of or access to classified government and technology information, including procedures administered by the Defense Security Service in the U.S. Department of Defense Defense contracting and military procurement Antitrust, Competition & Anti- Monopoly Our antitrust group includes attorneys located in the United States, Europe and Asia. Lawyers in the group provide counselling services on operational competition and antitrust issues, and on merger filing, as well as on private litigation, dawn raids, and governmental criminal and civil cases. We file as many as 50 merger notifications per year in the U.S., and routinely help clients in federal investigation defense of mergers and acquisitions in many sectors. In mainland China, our team of lawyers were pioneers in the area, and over the years have developed broad expertise in antitrust due diligence, merger filings, advising on operational antitrust such as horizontal and vertical restraints, joint ventures and standards development, issues related to market dominance, and on investigations related to antitrust and anti-unfair competition issues.

7 Dorsey s lawyers are organized into a number of sector groups, including: Agribusiness Food and beverage Mining and resources Cleantech Health care Private equity Consumer and retail Industrial engineering and litigation Technology Energy Life sciences Venture capital and emerging companies Entertainment and media 국제중재및소송 Financial services 벤처투자및신생기업 Please see specific sector group brochures for details. Korea Practice Team Steven C. Nelson, Minneapolis P: (852) M: (852) David Richardson P: (852) F: (852) John Lurie London P: +44 (0) F: +44(0) lurie.john@dorsey.com Kenneth K. Kwok P: (852) F: (852) John Chrisman P: (852) To learn more about how Dorsey can add value to your business in Asia and globally, please contact: Asia-Pacific + (852) hongkong@dorsey.com Shanghai + (86-21) shanghai@dorsey.com United States Minneapolis, Minnesota +1 (612) minneapolis@dorsey.com New York, New York +1 (212) newyork@dorsey.com Anchorage, Alaska +1 (907) anchorage@dorsey.com Costa Mesa, California +1 (714) socal@dorsey.com Wilmington, Delaware +1 (302) delaware@dorsey.com Salt Lake City, Utah +1 (801) saltlakecity@dorsey.com Denver, Colorado +1 (303) denver@dorsey.com Seattle, Washington +1 (206) seattle@dorsey.com Des Moines, Iowa +1 (515) desmoines@dorsey.com Palo Alto, California +1 (650) paloalto@dorsey.com Fargo, North Dakota +1 (701) fargo@dorsey.com Washington, D.C. +1 (202) washingtondc@dorsey.com Missoula, Montana +1 (406) missoula@dorsey.com Canada Toronto +1 (416) toronto@dorsey.com Vancouver +1 (604) vancouver@dorsey.com Europe London +44 (20) london@dorsey.com