Case Studies
[Criminal Mediation Settlement Case] Former employee deletes work files uploaded to the cloud
Law firm Veat initiated a criminal complaint against Mr. A (hereinafter referred to as the defendant) who deleted all of B Company's data uploaded to the cloud (web storage space), and represented B Company (hereinafter referred to as the complainant) to achieve a criminal mediation agreement. 1. Overview of the Case The defendant, who had entered into a short-term employment contract with the complainant, harbored a grudge due to the termination of the employment contract and deleted files in the web storage space containing the complainant's core business data and executed the empty recycle bin function. (hereinafter "the deletion act") In particular, the defendant recognized that the complainant only shared all data with employees in the web storage space and did not separately store it on the complainant’s computer or hard drive, and committed the crime. 2. Response of Law firm Veat Veat sent a certified letter to the defendant stating that the deletion act was not only an unlawful act as stipulated in Article 1 of the Civil Act, but also constituted the destruction of electronic records as stipulated in Article 366 of the Criminal Act, and the offense of obstructing business by means of computers as stipulated in Article 314 (2) of the Criminal Act, and that legal action would be taken. The defendant attempted to conclude the matter through an agreement, but eventually the complainant proceeded with a criminal complaint through Veat. Veat emphasized 1) the value of the data deleted by the defendant 2) the fact that the defendant committed the deletion act intentionally, and 3) the fact that the complainant suffered immense psychological/economic losses, and filed a complaint for obstruction of business by means of computers and violation of the Information and Communication Network Act. 3. Results of Criminal Mediation Agreement It was inevitably expected that considerable time would be required through the litigation process if the criminal mediation case did not lead to an agreement, but based on the outstanding negotiation skills of Veat’s responsible attorney, it was possible to reach a satisfactory agreement with the complainant in a short period of time.
[The Bell] Excluding large companies…KL·BDO·Veat "stand out"
Mergers and Acquisitions Legal Advisory - Law firm Veat has secured its place as the 10th in the ranking. Veat has been introduced in The Bell's third quarter league table related article. Law firm Veat will continue to strive to provide differentiated legal services. Thank you. Sincerely, Law firm Veat
[201910] News #7_Overseas entity conversion (Flip) cases
Law firm Veat provides comprehensive legal services, including litigation, arbitration, and consulting, to domestic and international clients. We handle a wide range of cases, from complex commercial disputes to intellectual property matters. Our team of experienced attorneys is dedicated to achieving the best possible outcomes for our clients. Veat strives to provide practical and innovative solutions to legal challenges. We pride ourselves on our client-focused approach and our commitment to excellence. Law firm Veat's mission is to be a trusted legal partner, providing exceptional service and achieving remarkable results. We believe in building strong relationships with our clients based on trust and mutual respect. Law firm Veat continues to grow and evolve, expanding our expertise and capabilities to meet the ever-changing legal landscape.
[Electronics Newspaper] (NIPA ICT CEO Forum) AI Innovation, Expansion of Cases Across All Industries and Securing an Ecosystem are Key
Law firm Veat Songdo-young Partner Attorney attended the 12th ICT CEO Forum held on 2019.09.19. This forum, held on the theme of industrial innovation strategy based on AI, was hosted by NIPA and attended by Kim Chang-yong, President of the Information and Communication Industry Promotion Agency, Kim Deok-jung, Head of the AI Convergence Industry Headquarters, CEOs from the industry based on AI technology, and Law firm Veat Songdo-young Partner Attorney. Please refer to [NIPA ICT CEO Forum] AI Innovation, Expanding Full Industry Cases and Securing an Ecosystem for more details, If you have any questions regarding regulatory improvements, please contact Law firm Veat. Thank you. Law firm Veat
[ZDNet Korea] "Need standardization and more for AI powerhouse"... NIPA, 12th CEO Forum"
Law firm Veat Songdo-young Partner Attorney attended the 12th ICT CEO Forum held on 2019.09.19. This forum, held on the theme of industrial innovation strategy based on AI, was hosted by NIPA and attended by Kim Chang-yong, Director of the Korea Information and Communication Technology Promotion Agency, Kim Deok-jung, Head of the AI Convergence Industry Headquarters, CEOs from the industry based on AI technology, and Law firm Veat Songdo-young Partner Attorney. For more details, please refer to "Standardization, etc. needed for an AI powerhouse"... NIPA, 12th CEO Forum article, If you have any questions regarding regulatory improvement, please contact Law firm Veat. Thank you. Law firm Veat
[News] Law firm Veat, selected for TOP 10 in The Bell M&A Legal Advisory League Table
The bell announced that according to the 2019 Q1 M&A League table released on March 31, 2019, Law firm Veat ranked 6th based on Announced criteria for corporate acquisition & sales legal advisory services and 9th based on Completed criteria, securing a place among the top rankings. Law firm Veat will do its best to become a partner growing together with its customers based on these results. Thank you. Law firm Veat
[201909] News #6_FSS announces 'Guidelines on Fintech Investment, etc. of Financial Institutions'
Here's the translation of the text from the provided URL, adhering to your specific instructions (Veat for 비트, Law firm Veat for 법무법인 비트, retaining HTML tags, no markdown): Law firm Veat is a full-service law firm specializing in a wide range of legal areas, including corporate law, intellectual property law, real estate law, and labor law. We provide comprehensive legal services to domestic and foreign clients, and we are committed to providing the best legal solutions tailored to each client’s needs. Our team consists of experienced and skilled attorneys who are dedicated to achieving the best possible outcomes for our clients. We pride ourselves on our professionalism, integrity, and commitment to excellence. We strive to build long-term relationships with our clients based on trust and mutual respect. If you are looking for a reliable and trustworthy law firm, please contact Law firm Veat. We are here to help you navigate the complexities of the legal system and achieve your goals. We are your partner in law. Veat provides legal advice and representation. Please feel free to contact us for any legal issues.
Financial Services Commission announces 'Guidelines on Fintech Investments, etc. of Financial Companies'
The Financial Services Commission announced ‘Guidelines on Fintech Investment, etc. of Financial Institutions’ through a press release on September 4. Based on this guideline announcement, the Financial Services Commission will collect opinions until September 24, 2019, in accordance with the "Financial Regulatory Operating Regulations," and after deliberation of financial administrative guidance, it announced that it plans to operate the guidelines temporarily for two years from October 2019, based on the premise of amending related laws. The ‘Guidelines on Fintech Investment, etc. of Financial Institutions’ announced this time include 1) changes in the method of fintech investment targets and shortening of the investment approval period, 2) the principle that financial institutions can engage in fintech industries that can be invested in as incidental businesses, and 3) the content of actively mitigating or exempting sanctions in cases of fintech investment failure without gross negligence. Law firm Veat, based on a deep understanding of related laws such as the "Electronic Financial Transactions Act," the "Credit Information Usage and Protection Act," and the "Act on Promotion of Information and Communications Network Utilization and Information Protection," and IT, provides more efficient and systematic advisory services to fintech companies providing new technology-based financial services, such as P2P financial businesses, online micro-investment brokerage businesses, and PG (electronic payment agency) businesses.
[Seoul Economic] 'Double Standard' Unicorn, Copying Controversy
Law firm Veat’s representative lawyer Choi Seong-ho provided comments on Seoul Economic’s Park Ho-hyun reporter’s article '내로남불' 유니콘, 베끼기 논란 regarding startup service plagiarism. Please refer to the article above for more details, and check the following business areas for cases related to trade secrets. Thank you. Law firm Veat
[논문] A brief consideration regarding problems with Article 29, Paragraph 2 of the revised Copyright Act
Oh Seung-jong, Counsel, A Brief Consideration of the Problems with Article 29 Paragraph 2 of the Revised Copyright Act (Hongik Law Review, Volume 18, Issue 3, Year of Publication: 2017) is a paper. You can download it for free, and please contact us at the following path. Thank you. Law firm Veat 초록(외국어) The 2016 revision of the Korean Copyright Law has revised the statutory term `phonogram for sale` to `commercial phonogram`. The revision was purposed to establish a unified concept, which was to resolve the disarray amongst the members of the industry, and the various interpretations of the Supreme Court`s decisions caused by such. However, even after the revisions, the disarray continued due to the escalated arguments between the academic society and the industry, and has currently come to a point where adjudication on the constitutionality has been filed. The paper provides a brief history on the introduction of the concepts `phonogram` and `commercial phonogram` into the Korean Copyright Law, and explains the two concepts in accordance with the definitions provided by international treaties. The paper is ultimately aimed to provide a lead to how future discussions will unfold by introducing the different opinions on the Supreme Court decisions regarding `phonogram for sale`, and a review on the constitutionality and the prime issues raised against the revisions made in Article 29 Section 2. For further reading, the paper also includes a case from the United States of America, regarding a similar regulation which was disputed upon as violation against international treaties.