Hwang Mok Park law firm news

Lex Mundi has welcomed five new members to its Client Advisory Council, bringing the current total to 12.

Jincheng Tongda & Neal has recently entered into an alliance with Korean firm San Gyung Law Firm. The agreement is the part of the firm’s response to the increasing demand for legal service from the firm’s Korean clients.

金诚同达近期与韩国产经律师事务所签署了业务合作协议，希望通过这份协议提升该所在中韩法律服务领域中的竞争力。

Korean firm Hwang Mok Park has closed its Shanghai office less than a year after acquiring it through a merger with another law firm, citing the office as ‘unsustainable.’

ALB reports from Seoul on a legal services market that has recovered

As the industry enters the New Year with a renewed sense of optimism, ALB singles out ten firms that are set to have a bigger 2010 than most.

Korean firm Hwang Mok Park’s merger with boutique litigation firm Hanseung has helped it to acquire an office in Shanghai.

Korean law firm Hwang Mok Park has agreed to merge with boutique litigation practice Hanseung Law Firm.

And the finalists are...
It's that time of year again. Now in its fifth year, the ALB Hong Kong Law Awards is back and promises to be bigger and better than ever in 2006. The following pages document the official finalists - and potential winners - of this year's awards

Still in its fledgling years. Asia's in-house legal profession, still in its fledging years, is facing a period of rapid growth and change. An ALB survey of private law firms across Asia has unearthed the names of the best and brightest in-house minds in the region, and sought their perspectives as they grapple with the profession's teething problems

Paul Hastings Janofsky & Walker and Cayman Islands firm Walkers, together with Korean firms Shin & Kim, Horizon Law Group and Hwang Mok Park, have helped repeat issuer Samsung Card close its seventh cross-border securitisation.

Since the enactment of the Act on Business of Operating Indirect Investment and Assets - formerly referred to as the Indirect Investment Asset Management Business Act (the Act) - on 4 January 2004, there have been amendments to the Act that have provided for the creation of private equity funds (PEFs).

On 20 January the Korean National Assembly passed a law that will introduce the class action lawsuit system in Korea, despite the protests of the Korean business community.

From 1 October 2004 the disclosure requirements for companies listed on the Korea Stock Exchange (KSE) and KOSDAQ were amended to shorten reporting deadlines, decrease the number of disclosure items, require more specific and detailed disclosures, establish a disclosure review committee, institute a penalty point system for violations and to introduce other steps to prevent and detect disclosure violations.

The Financial Supervisory Service (FSS) released a new fund supervisory plan on 14 July 2004. 

The Korean government recently indicated a plan to overhaul the trust system in Korea this year. Amendments to the Trust Business Act are expected to be submitted to the National Assembly this summer.  If these amendments are passed as planned, for the first time, trusts will be allowed to consist of several types of properties. The type of properties eligible for trusts will also be expanded to include various intellectual and industrial property rights.

The Korean National Assembly recently announced a list of draft laws that it will be reviewing this year. Among them was the draft insolvency law, which is designed to replace the current insolvency laws in place - namely the Bankruptcy Act, the Corporate Reorganisation Act and the Composition Act. The draft law is essentially a combination of the Bankruptcy Act and the Corporate Reorganisation Act, with the provisions of the Composition Act being for the most part discarded.

The Korean Fair Trade Commission (KFTC) recently announced plans to shore up consumer protection and confidence in electronic commercial transactions by suggesting amendments to electronic commerce consumer protection laws. These amendments will be presented to the National Assembly sometime in May or June of 2004.

The Securities and Exchange Act of Korea (SEA) and the Enforcement Decree therefore (SEA ED) were amended as of 1 April 2004 to, among other things, revise reporting requirements for transactions involving large amounts of assets or those involving the largest shareholder of a company and related parties.

Hwang Mok Park counsel Joshua Margolis has left the Korean firm to join Merrill Lynch in Seoul.