Intensifying conflicts before proxy season feeding law firms
Posted : 2021-03-09 15:55
By Park Jae-hyuk
Multiple chaebol family feuds and shareholder activism that will heat up the general shareholders meetings of several listed companies here later this month appear to be creating ample opportunities for domestic law firms to make handsome profits.
In addition to Kim & Chang and other large law firms that have scaled up their teams dealing with corporate law and governance structures to cope with the recent Commercial Act revision, boutique law firms are also going all out to take advantage of intensifying conflicts over the control of several conglomerates.
HYK condemns promotion of Hanjin s water rage heiress
Posted : 2021-01-21 16:05
Activist fund considers lawsuit against Hanjin Transportation
By Park Jae-hyuk
HYK Partners, the activist fund that is Hanjin Transportation s second-largest shareholder with a 9.79 percent stake, has publicly condemned the logistics company s recent decision to appoint Hanjin Group heiress Emily Lee Cho as the subsidiary s vice president.
The private equity firm (PEF) also disclosed the full text of a shareholder proposal it sent Wednesday to Hanjin Transportation s board of directors.
This was the first time for HYK to unveil details about its requests. When the PEF sent its first proposal to the logistics firm last December to call for the reform of its governance structure and an increase in shareholder value, both sides declined to disclose the specifics.