Case Studies
[Consultation] Legal consultation regarding business signs unlawfully used by a competitor.
Law firm Veat represented Company A, which provides fintech services, and successfully requested that the competitor cease using Company A's trademark, which it was using without authorization.
[Consultation] Terms of Service for Safe Transaction Services of O2O Platform Law firm Veat
[Litigation] A case where we successfully represented the appellant in an appeal regarding a non-prosecution decision related to a business leakage incident and in a damages lawsuit. Law firm Veat
Law firm Veat (hereinafter “Veat”) represented the appellant in an appeal against the prosecution’s decision of non-indictment regarding a trade secret leakage case and obtained a re-investigation order from the High Public Prosecutor's Office. Subsequently, it secured a damage compensation verdict of approximately 200 million won in a civil damages lawsuit. 1. Summary of the Case An incident occurred in which Kim, an employee who resigned from A Co., which manufactures and sells pipe components, leaked drawings. Kim unauthorizedly leaked A Co.'s drawings, established a company of the same kind, and obtained unfair profits by selling products. Upon learning this, A Co. filed civil and criminal lawsuits against Kim, but the court ruled that there was insufficient evidence and issued a non-indictment decision. Accordingly, A Co. entrusted this case to Veat in order to file an appeal against the non-indictment decision. 2. Criminal Prosecution and Civil Litigation Representation by Law firm Veat (1) Contents of Criminal Prosecution Veat meticulously detailed the impropriety of the prosecutor's decision of non-indictment in this case and actively explained the case, thereby obtaining a re-investigation order from the High Public Prosecutor's Office. Subsequently, Veat criminally prosecuted the opposing company that leaked the trade secret drawings, collected evidence through digital forensics, and actively concentrated on evidence collection by cooperating with the police to obtain a search warrant and collecting additional evidence. Thanks to Veat's efforts, not only was an indictment by the prosecution achieved, but the court also recognized guilt, and a successful verdict of conviction was affirmed by the Supreme Court. (2) Contents of filing and winning a civil lawsuit accordingly Accordingly, Veat filed a civil lawsuit requesting damages from Kim due to the leakage and use of trade secrets, and the court ruled in favor of the plaintiff, ordering Kim and others to pay damages of 200 million won. 3. Significance of the Verdict The case has significance not only in itself because it won an appeal against a non-indictment decision, which has a statistically low success rate of less than 10%, but also in that it has led to criminal punishment and civil damages compensation. We are confident that this was made possible by Veat’s deep understanding of technology, and as a result of this case, Veat pledges to work even harder to protect the core technologies of many SMEs. Thank you. Law firm Veat
[Consultation] Veat Bitcoin Hacking Victims, Legal Consultation for Debt Recovery Procedures
Law firm Veat represented a client who suffered damages due to a hacking incident at M, one of the world's largest cryptocurrency exchanges, and successfully completed a debt recovery procedure recognized by a Japanese court. Our law firm contributed to the smooth conclusion of this case, which was carried out on a somewhat urgent schedule, and promised assistance in the completion of future procedures. Please refer to the official blog for more details. Thank you. Law firm Veat
[Consultation] Mobile Advertising Service Partnership Agreement Legal Consultation
Law firm Veat provided comprehensive legal advisory services at the request of A regarding the advertising partnership agreement between online social commerce company D and mobile advertising platform A, and successfully concluded the case. Our law firm reviewed the contract from various angles, including potential issues that could arise during the service partnership process and the method of distributing net profits from sales, on behalf of A. Please refer to the official blog for more details. Thank you. Law firm Veat
[Consultation] Legal consultation regarding working conditions for multiple business sites and stock options
Law firm Veat provided comprehensive legal advisory services regarding the possibility of paying Mr. Kim OO's salary from subsidiary C, when he is employed by parent company D, and other related matters. 1. Advisory Overview Since Mr. Kim OO mainly performs the work of subsidiary C, the company wanted to pay his salary from C, and the core of this legal advisory was whether Mr. Kim OO could retain his D company stock options. 2. Advisory by Law firm Veat We thoroughly reviewed relevant laws and precedents, including the Labor Standards Act and Commercial Code, and provided three proposals. Law firm Veat’s legal advisory team also reviewed matters related to workers' compensation and labor law, which were not included in the inquiries, to provide comprehensive legal advisory services. Furthermore, we provided an answer regarding the content of the stock option purchase right, which was the core of this advisory, after reviewing relevant laws and precedents. Please refer to our official blog for more details. Thank you. Law firm Veat
[Consulting] Legal Review of Regulations Related to Foreign Investment Legal Consultation
Law firm Veat received a request from A game company that received investment from foreign shareholders, reviewed regulations related to foreign (company) stock transactions, and provided successful legal advisory services. For more details, please refer to Law firm Veat’s official blog.
[Victory Case] Victory in a non-compete injunction application case against a former employee
Law firm Veat represented the debtor (former employee) in a case seeking a prohibition of employment filed by creditor (real estate consulting service company) C, and secured a decision to dismiss the case. The creditor, operating real estate consulting company C, filed for a prohibition of employment, claiming that the debtors, who left C and are now working at company B, violated the promise made in the agreement signed by the debtors at the time of their departure. In response, our law firm reviewed the content and circumstances of the confidentiality agreement and demonstrated that the agreements signed by the debtors were invalid. The court accepted Law firm Veat's argument and dismissed this case. As seen above, Law firm Veat was able to protect the rights of the former employee who was receiving unfair demands based on an unfavorable confidentiality agreement. Please refer to Law firm Veat's official blog for more details. Thank you. From Law firm Veat
[Litigation] Achieved a complete victory in a lawsuit seeking the return of unjust gains for cloud usage costs.
Law firm Veat successfully led to a ruling dismissing all of the plaintiff's claims in an unfair gains return lawsuit filed by Company A (plaintiff) against Company B (defendant), representing defendant B. Law firm Veat's represented Company B is a leading IT service specialist company, which entered into a ‘system construction service contract’ with Company A regarding a project. During the contract, the design was unilaterally changed from a self-built server system to a cloud usage system at the plaintiff’s request, and accordingly, defendant completed the project using a cloud usage system according to the client’s request. However, after the project was completed, the plaintiff filed a lawsuit for the recovery of unjust gains, claiming that the period during which the cloud was used initially was a ‘development period’ and that all costs during that period should be borne by the defendant. Accordingly, Veat accepted the defendant's instruction and meticulously analyzed the contract between the two companies, arguing and proving that task outlines and proposals related to the original method were not applicable to the modified method, that Company A had agreed to pay the cloud usage fees, that Company A had used cloud space from the beginning, and that, upon a detailed examination of the project progress, work was carried out on a development server separately prepared by Company B during the development period. In particular, the fact that Company A used cloud space from the beginning and the fact that work was carried out on a development server separately prepared by Company B during the development period, as revealed by Veat’s attorneys after a thorough examination of the cloud’s characteristics and network configuration, were key points that had a decisive impact on the victory. Considering that the court might find it difficult to understand the defendant’s arguments and defenses due to the need to understand the characteristics of the cloud and the network configuration, we persuaded the court through visual presentations, and ultimately achieved a result in which the defendant’s claims were almost adopted. Law firm Veat is producing the best results that satisfy customers by directly and meticulously analyzing cases and developing countermeasures, led by attorneys majoring in engineering and having a high level of understanding of IT. Thank you. Sincerely, Law firm Veat
[Consulting] Registration of General Partner (GP) of Private Investment Fund completed.
Law firm Veat received a power of attorney from Company A and proceeded with the new registration procedure for General Partner (GP) of a Private Equity Fund (PEF) with management participation as stipulated in the ‘Act on Capital Markets and Financial Investment’. It completed the GP registration procedure by receiving a reply from the Financial Supervisory Service on April 24, 2018, stating that Company A was registered as a GP. Law firm Veat performs not only the GP registration work as stipulated in the ‘Act on Capital Markets and Financial Investment’ for a Private Equity Fund with management participation, but also work related to the establishment of a venture-specialized Private Equity Fund with management participation as stipulated in Article 249-23 of the Capital Market Act. For further details, please contact Law firm Veat.