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Su Yeol Lee, Sang Jae Park, and Young Hyun Kim
Big Six Korean law firm Yoon & Yang has bolstered its disputes offering with the additions of three new partners: Former presiding judges Su Yeol Lee and Sang Jae Park, and former chief prosecutor Young Hyun Kim.
Kim, who joins the firm’s criminal defence practice, handled the prosecutions of environmental crimes at the Suwon District Prosecutors’ Office before shifting to special corporate investigations. His practice focuses on foreign criminal matters, tariff and foreign exchange transactions.
Meanwhile, Park, an expert in criminal and warrant cases, joins Yoon & Yang’s corporate litigation practice after a 15-year career as a judge. He served on the bench of the Incheon, the Seoul Central, the Mokpo Branch of the Gwangju, and the Goyang Branch of the Uijeongbu district courts.
SeoulSoult-ukpyolsiSouth-koreaIncheonInch-on-gwangyoksiSuwonCheju-doSeung-kook-synnSu-yeol-leeYoung-hyun-kimKim-changYoon-yangMagnachip Enters into Definitive Agreement with Wise Road Capital in a Take Private Transaction Valued at $1.4 Billion
Apr 01, 2021 2:18 PM ET Legal Newswire POWERED BY LAW.COM
Magnachip Semiconductor Corporation , the South Korean leader in display and power solutions, today announced that it has entered into a definitive agreement (the Agreement ) with South Dearborn Limited, a company incorporated in the Cayman Islands, and Michigan Merger Sub, Inc., a Delaware corporation, which are investment vehicles established by Wise Road Capital LTD and certain of its limited partners ( Wise Road ).
Under the terms of the Agreement, Magnachip shareholders will receive $29.00 in cash for each share of Magnachip s common stock they currently hold, representing a premium of approximately 75% to Magnachip s 3-month volume-weighted average share price and approximately a 54% premium to the unaffected closing stock price on March 2, 2021, the last trading day before media reports of
SeoulSoult-ukpyolsiSouth-koreaDearbornMichiganUnited-statesCheongjuCh-ungch-ong-buktoLovellsDelawareCayman-islandsSouth-korean
As vaccinations occur globally and the threat of the COVID-19 pandemic recedes, dealmakers are beginning to feel more optimistic about M&A in the Asia-Pacific region in 2021. According to Reuters, coronavirus-spurred growth in the technology sector will help drive M&A activity in the Asia-Pacific this year, citing predictions from bankers and lawyers, with the potential easing of Sino-U.S. tensions likely to revive Chinese outbound investment.
Deals involving Asia Pacific firms totalled $1.2 trillion in 2020, up 12 percent from 2019, reports Reuters Seven of the year’s 10 largest transactions were announced in the third quarter, which in total accounted for 40 percent of the year’s deals by value. High technology and telecommunications companies surged to a 23 percent share of deal value, up from 14 percent last year, while retail and consumer products and services firms also reported growth, Reuters added.
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