- Practice Areas
- Finance/Investment
- Non-Performing Loan
Non-Performing Loan
- Practice Areas Introduction
Hankyul advises and represents clients in preliminary attachment, compulsory enforcement, and litigation matters arising in the course of NPL management. Hankyul lawyers have extensive experience and knowledge about the application for commencement of the rehabilitation procedure, M&A through the rehabilitation procedure, application for the revocation of the rehabilitation procedure, litigation to determine creditors’ claims, bankruptcy application, and other various issues arising among the interested parties such as creditors, bankrupt debtors, and companies under the rehabilitation procedure.
Over many years Hankyul has successfully represented commercial banks in their NPL sales projects and advised on various legal issues, drafted and reviewed asset purchase agreements and other ancillary contracts, and handled any and all tasks up to the closing of transaction and a variety of asset-backed securitization with NPL being the underlying assets and formation of PEF for corporate financial condition improvement. Hankyul lawyers also have extensive experience in liquidating, managing, and normalizing insolvent companies, which has become more important due to the recent financial crisis and the depressed real estate market.
Hankyul provides speedy and unmatched legal services for a variety of issues arising in the course of acquisition, management, sale and utilization of NPL.
- Practice Areas
Providing advice on and representation in preliminary attachment, compulsory enforcement, and litigation matters arising in the course of NPL management and collection
Providing advice on and representation in the application for the commencement of the rehabilitation procedure, bankruptcy application, and other matters relating to corporate rehabilitation and bankruptcy procedures
Providing legal advice on variety of legal issues related to the sale of NPL
Reviewing and drafting of asset purchase agreement for the sale of NPL
Providing support for the seller throughout the entire process of NPL sales projects
Advising on the asset-backed securitization with NPL being the underlying assets and formation of PEF for corporate financial condition improvement
Advising on the matters relating to normalization of insolvent companies
- Representative Matter
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Advised on the normalization of the PF company for Daejeon Gwanjeo district project
Advised on the formation of PEFs specializing in corporate restructuring and turnaround, such as Untied Turnaround Fund No.1, United Turnaround Fund No.2, and United PF Fund No.1, and the acquisition of corporate restructuring bonds
Provided commercial banks with legal due diligence and carried out procedures for NPL sales projects by providing legal advice for the seller
KEB Hana Bank NPL program (February 2015)
Hana Bank NPL Program (January 2006, January 2007, January 2008, January 2009, January 2010, May 2010, March 2011, February 2012, January 2013, January 2014)
Korea Exchange Bank NPL Program (2012, January 2013, February 2013)
Shinhan Bank NPL Program (August 2014, September 2014, January 2015, March 2015, August 2015)
Industrial Bank of Korea NPL Program (April 2014)
Orix Savings Bank NPL Program (2013 2Q-1)
SBI Savings Bank NPL Program (January 2015)
Carried out sale of bonds worth 1.2 trillion Korean Won with respect to Dong Ah Construction Industrial Co. (Principal Creditor Bank: Korea Exchange Bank)
Advised UAMCO on the acquisition of corporate restructuring bonds held by NH, KB, Industrial Bank of Korea, Woori Bank, and Hana Bank and asset-backed securitization (United Fund No.1 and United Fund No.2 SPC for securitization)
Advised UAMCO on the acquisition of NPL held by NH and KB and asset-backed securitization (UNK Fund No.1 SPC for securitization)
Advised UAMCO on the acquisition of NPL held by Hana Bank and KB and asset-backed securitization (UHK Fund No.1 SPC for securitization)
Advised UAMCO on the acquisition of NPL held by NH and asset-backed securitization (UN Fund No.2 SPC for securitization)
Advised Shinhan BNPP EVER FINE private REIT No.1 on the acquisition of NPL held by Standard Chartered Jeil Bank and asset-backed securitization (KDF Fund No.2 SPC for securitization)
Advised on the acquisition of KDB’s NPL by Shinhan BNPP EVER FINE private REIT No.1, Samsung Securities Co., Ltd. and Korea Development Financing Corporation and asset-backed securitization (KDF Fund No.3 SPC for securitization)
Advised Fine Partners Corporation and KDB Capital Corporation on the acquisition of Shinhan 2009-1 Program NPL and asset-backed securitization
Advised Fine Partners Corporation and Korea Development Financing Corporation on the acquisition of KEB 2009-2 Program NPL and asset-backed securitization
Advised Fine Partners Corporation on the acquisition of KB 2009-1 Program NPL and the second step asset-backed securitization
Advised Fine Partners Corporation and UAMCO on the acquisition of Shinhan 2009-3 Program NPL and asset-backed securitization
Advised Fine Partners Corporation and KDB Capital Corporation on the acquisition of NPS in Gangseo, Shandong, and Beijing, China
Advised Korea Private China NPL Bond Investment Trust No.1 on the acquisition of shares and corporate bond of a Hong Kong offshore financing company
- Professionals
Kang Jeongwan
Kang Taeheon
Cho Beomseok
Hur Soongbum