Case Studies
[Stock compensation methods] "Stock options vs. restricted stock with transfer limitations" has pros and cons!
Law firm Veat’s partner attorney, An Il-won, has a deep understanding of corporate mechanisms as an ex-developer from a large corporation, and has accumulated abundant practical experience through performing various corporate advisory/consulting attorney duties. He actively participates as a legal mentor attorney for ICT startups of the Ministry of Science and ICT, and a lecturer at the Korea Bar Association’s ‘2020 Venture Startup Investment Academy’ attorney training program, combining theory and practice to provide in-depth legal advice on ‘startups’ and ‘corporations’. Methods of providing stock compensation to employees Providing stock compensation is one of the long-standing traditions of startups. Although there may not be much cash available for immediate use, the growth potential is high, so stock compensation can be more effective, RSU is used more frequently in employee compensation recently due to its freedom from legal restrictions compared to stock options. However, you must keep in mind that it is essentially using the company’s own shares. For more detailed information, you can check out Outstanding here: ▶Stock Options vs RSUs, They have advantages and disadvantages - Easy and Fun IT News, Outstanding! (outstanding.kr) Furthermore, attorney An Il-won, certified as an IT specialist by the Korea Bar Association, has been appointed as a member of the Education Curriculum Innovation Committee of the Yonsei University Artificial Intelligence Convergence College recently, and is expanding his capabilities in the field of artificial intelligence. Based on his long-accumulated corporate advisory experience and technical expertise in the IT/software field, he is specialized in advisory and M&A/investment areas related to 4th Industrial Foundation Services such as artificial intelligence, IT/software, and virtual assets. If you need legal advice regarding incentives, stock compensation, compensation design, stock options, RSUs (Restricted Stock Units, Restricted Stock with Transfer Restrictions) during the operation of a company, please feel free to contact Law Firm Veat anytime. Thank you.
Law firm Veat is introduced as the law firm favored by internal lawyers in the 'M&A' and 'IT' fields in 2023.
Law firm Veat is the preferred law firm among internal lawyers at Legaltimes, a legal publication, in 2023. M&A and IT fields are also favored by internal lawyers. Through this satisfaction survey, it was confirmed that Law firm Veat receives trust and preference from internal lawyers, recognizing its efforts and expertise in the IT and M&A fields. This became a catalyst for recognizing the expertise and service quality of Law firm Veat in those fields. Please refer to the article below for more details, and if you have any inquiries related to this article, please contact Law firm Veat at any time. To commemorate Legaltimes’ 16th anniversary of its founding, an internal lawyer survey was conducted targeting internal lawyers working at domestic and foreign companies, in cooperation with the Inhouse Counsel Forum (ICHF), the oldest internal lawyer organization in Korea. In the conducted satisfaction survey, Law firm Veat ranked highly in small and boutique firms, specifically in preference for ‘M&A’ and ‘IT’ fields, receiving recognition as the preferred law firm by internal lawyers. In addition, Law firm Veat was also ranked 2nd in the League Table in the first quarter of 2023 by Bloomberg, and was selected as a finalist in three categories of the ‘ALB Korea Award 2023’ hosted by Asian Legal Business (ALB) – ‘Deal of the Year’ / ‘Boutique Law Firm of the Year’ / ‘Lawyer of the Year’ – proving its abilities and expertise. Law firm Veat will continue to maintain a leading position in M&A and IT fields, effectively responding to various legal needs of companies and providing optimal legal services by continuously strengthening its expertise. (Link to related article: [Legaltimes Special Feature] 2023 Internal Lawyer Preferred Law Firms) Thank you. Best regards, Law firm Veat
Providing legal consulting for the introduction of the Job Compensation System under the Invention Promotion Act.
Law firm Veat provided legal consulting services to Company A (hereinafter “client”), newly establishing a Korean corporation, regarding the introduction of an employee invention compensation system. The client requested consulting on legal risks that could arise in the process of assigning patent rights and other rights invented by the company's employees and executives to the company. Law firm Veat’s Startup Consulting Team explained that in the absence of an assignment agreement or an employee invention system, the company could only have a right of ordinary use (통상사용권) for the employee invention, and advised the client on the need to introduce an appropriate system to protect the company’s rights. Law firm Veat’s Startup Consulting Team guided the client on the method of assigning the rights of inventors or creators for patents, designs, and utility models that require registration according to the "Patent Promotion Act." The first is to introduce an employee invention system according to the "Patent Promotion Act," and the second is to enter into an assignment agreement individually with each employee. Law firm Veat’s Startup Consulting Team provided detailed legal advice to enable the client to choose the method suitable for them. Furthermore, Law firm Veat’s Startup Consulting Team reviewed the standard employee compensation regulations necessary for the implementation of the employee invention system and provided them to the client. What is an employee invention compensation system? ① When an employee receives a patent, utility model registration, or design registration (hereinafter referred to as "patent etc."), or has the right to receive a patent etc., the user etc. shall have the right of ordinary use (通常實施權) for the patent etc. However, if the user etc. is not a small or medium-sized enterprise according to Article 19 of the "Small and Medium Enterprise Basic Act," it shall not be the case unless it enters into or drafts a contract or working rules that are one of the following items after consulting with the employee, etc. 1. A contract or working rules that assign the right to receive a patent etc. or the patent right etc. to the user etc. for employee inventions. 2. A contract or working rules that provide for the setting of an exclusive right to use for the user etc. for employee inventions (Article 10 of the "Patent Promotion Act"). The employee invention compensation system is a system in which a company owns a patent for an invention made by an employee in relation to their work and provides fair compensation to the employee who is the inventor. Separate provisions regarding individual assignment agreements with employees are included as a proviso. The employee invention compensation system is detailed from Article 10 to Article 19 of the "Patent Promotion Act." ① An employee may assign the right to receive a patent etc. or the patent right etc. to the user etc. by contract or working rules, or may provide for the setting of an exclusive right to use, and shall have the right to receive fair compensation. ② The user etc. shall draft compensation regulations specifying the criteria for determining the form and amount of compensation according to Article 1 of the preceding article, and inform the employee etc. in writing. ③ The user etc. shall consult with the employee etc. regarding the drafting or amendment of the compensation regulations according to Article 2 of the preceding article. However, when the application of the contract or regulations is amended in a way that is disadvantageous to the employee etc., the consent of the majority of employees etc. who are subject to the contract or regulations shall be obtained. ④ The user etc. shall inform the employee etc. who receives compensation according to Article 1 of the preceding article of the specific details of the compensation, such as the amount of compensation determined according to the compensation regulations according to Article 2 of the preceding article, in writing. ⑤ Matters necessary for the scope, procedures, etc. for the employee etc. who must consult or obtain consent according to Article 3 of the preceding article shall be determined by enforcement decree. …(“Patent Promotion Act” Article 15) Compensation for employee inventions encourages invention activities and leads to the creation of excellent patents. Through the employee invention compensation system, it contributes to strengthening the company’s technological competitiveness and increasing profits, and the introduction of an employee invention compensation system is essential for enhancing the company’s innovation and competitiveness. There is an Excellent Employee Invention Compensation Enterprise Certification System operated by the state to certify small and medium-sized enterprises that prepare and faithfully implement employee compensation regulations and to provide incentives such as priority examination for certified patents, partial exemption from registration fees in the 4th to 6th year, and participation points in government-supported projects. It is necessary to examine this carefully. For startups, such professional support, especially in terms of invention and intellectual property management, is an essential element to promote the company’s growth and innovation. Law firm Veat’s Startup Consulting Team is supporting companies to efficiently introduce and operate employee invention systems and contributing to the company’s innovation and growth.
2023. 9. 15. implemented revised Personal Information Protection Act key contents review
Law firm Veat conducted legal reviews to examine whether it complied with the “Personal Information Protection Act” (hereinafter referred to as “Personal Information Protection Act”), which was recently enacted and implemented. The client requested detailed legal reviews regarding the potential impact of the revised “Personal Information Protection Act” on the client’s “customized advertising” business. Law firm Veat’s Personal Information Protection Team meticulously analyzed whether the newly revised “Personal Information Protection Act” posed legal risks to the client’s business activities, including targeted advertising utilizing AI technology. It provided legal counsel to help the client continue its business effectively in the new regulatory environment, keeping pace with the changes in the “Personal Information Protection Act”. Law firm Veat’s Personal Information Protection Team, based on its deep expertise in the “Personal Information Protection Act”, systematically analyzed the key revisions, providing assistance to the client in restructuring its personal information management system and establishing a solid foundation. - Streamlining requirements for collecting personal information during contract execution and performance. - Introduction of the “MY DATA” (personal information transfer right) system. - Introduction of regulations related to portable video information processing devices. - Establishment of a system to stop the transfer of personal information abroad. - Specification of the rights of individuals regarding automated decision-making. (Key contents of the revised “Personal Information Protection Act” implemented on September 15, 2023) Veat Law Firm – Personal Information Protection Team providing practical advisory services for business utilizing new technologies. Due to the diverse changes in various personal information-related systems, the need for review arose in areas such as global business, operating business solutions through AI, and services involving portable video information processing devices. Particularly, there are differences in the implementation dates of these regulations and systems, and there are parts that have not been amended in the implementing regulations, creating confusion for individuals who are subject to the regulations. To respond to this legal environment, Law firm Veat’s Personal Information Protection Team carefully analyzes the client’s business model, personal information processing content, and the relevance of each system, and provides strategic counsel on matters related to personal information policies and personal information processing outsourcing. Law firm Veat’s Personal Information Protection Team, based on its expertise in the “Personal Information Protection Act”, is actively researching and providing practical advice to minimize the uncertainty of companies regarding how AI and other new technologies will affect their business activities. Law firm Veat meticulously analyzes the revisions to the “Personal Information Protection Act”, ensuring that businesses can operate in compliance with the law. In ensuring that the client’s personal information processing policies are consistent with the latest legal requirements and that AI-based business strategies are free from legal issues, Law firm Veat will be a trusted partner. Companies requiring legal advice regarding the revised “Personal Information Protection Act” are welcome to contact Law firm Veat’s Personal Information Protection Team at any time. Thank you. Law firm Veat
Legal review of whether to take legal action against malicious reviews.
Law firm Veat undertook a review to examine the potential for responding to claims regarding user reviews under civil and criminal law. Law firm Veat’s startup advisory team meticulously reviewed whether the user reviews constituted defamation under the “Criminal Code” and whether it caused liability for damages under the Civil Code. Specifically, considering various factors such as the actual use of the reviews, the inclusion of false facts, and the degree of defamatory expression, it deeply analyzed the constituent elements of the “Act on Promotion of Information and Communications Network Utilization and Protection of Information” (“Information and Communications Network Act”) and the constituent elements of defamation under the “Criminal Code,” and whether they met the requirements, and provided clients with specific and practical legal advice based on the analyzed contents. ① A person who publicly states a fact and damages the reputation of another person shall be punished with imprisonment of 2 years or less, or imprisonment with forced labor, or a fine of 500 million won or less. ② A person who publicly states a false fact and damages the reputation of another person shall be punished with imprisonment of 5 years or less, imprisonment with a term of disqualification for 10 years or less, or a fine of 10 million won or less. (Article 307 of the “Criminal Code”) Article 307(1) of the “Criminal Code” does not apply when the act is a true fact and relates only to public interest. (Article 310 of the “Criminal Code”) ① No one shall distribute information corresponding to any of the following items through the information and communications network. 2. Information containing a content of damaging the reputation of another person by publicly revealing facts or false facts with the purpose of defaming a person (Article 44(7) of the “Act on Promotion of Information and Communications Network Utilization and Protection of Information”) Through consultations with startup lawyers with extensive experience in corporate legal affairs, it is important to clearly understand what legal measures a company can consider and prepare appropriate responses. It is important to carefully examine which law can be applied and whether the legal requirements are met. Furthermore, it is important to determine whether it is possible to claim against the review authors for civil damages such as financial loss, claim for damages, and costs for recovery of damages. However, it is recommended to carefully prepare with the startup specialized law firm Veat startup advisory team, considering the parts that are difficult to discern as legally recognized and the proof process. Law firm Veat’s startup advisory team provides expert and systematic advice on complex legal issues, helping companies minimize legal risks and support smooth business operations. Law firm Veat assists clients in successfully operating their businesses by based on its understanding of legal issues in the Information and Communications Technology (ICT) field. For companies that require regular advice in complex legal areas such as the “Criminal Code,” “Civil Code,” and the “Information and Communications Network Act,” you can receive reliable legal support through Law firm Veat. If you need help with various legal issues that startups encounter as they grow, please inquire about Law firm Veat’s regular legal consultation services. Law firm Veat significantly contributes to overcoming legal hurdles for startups and enhancing the stability of their businesses. Thank you. Law firm Veat Dream
Review of specialized legal opinion on violation of the Fair Trade Act related to inter-company transfers.
Veat Law Firm Startup Advisory Team conducted a review regarding the potential legal sanctions for the act of transferring employees from a competitor after a departing employee transferred to a competitor and enticing current employees. Veat Law Firm Startup Advisory Team analyzed various aspects, including whether the act constituted an unfair competitive practice under the “Act on Distribution and Fair Trade” (hereinafter referred to as the “Fair Trade Act”) and the “Act on Prevention of Unfair Competition and Protection of Trade Secrets,” particularly concerning the application of the “Trade Secret Infringement and Restriction of Employment” provisions within the “Unfair Competition Prevention Act.” Specifically, they sought solutions that wouldn’t infringe on freedom of choice in employment while protecting the legitimate interests of the company. Veat Law Firm Startup Advisory Team provided detailed analysis based on specific case examples and judicial precedents through the “Guidelines for Review of Unfair Trade Practices” provided by the Fair Trade Act and offered guidance to the company to clearly understand potential legal risks it might face and prepare for inevitable legal disputes. Furthermore, Veat Law Firm Startup Advisory Team meticulously reviewed the content of contracts and agreements with employees, including those who were or are currently employed or have retired, to deeply analyze the legality and feasibility of the restriction of employment. As a critical consideration for protecting trade secrets and preventing personnel outflow, especially for startups where talented individuals are core assets, this point is particularly important. “[Act on Distribution and Fair Trade] Types or Criteria for Unfair Trade Practices” ① Business operators shall not engage in acts that, to the extent that they impair fair trading or cause another business operator to engage in such acts (hereinafter referred to as “unfair trade practices”), or cause another business operator to engage in such acts. (Article 45(1) of the Act on Distribution and Fair Trade) The types or criteria for unfair trade practices as stipulated in Article 45(1) of the Act on Distribution and Fair Trade are shown in Exhibit 2. 8. Acts that unduly obstruct the business activities of another business operator (Article 45(1)(8) of the Act on Distribution and Fair Trade) Acts that unduly obstruct the business activities of another business operator shall be considered as follows: na. Improper recruitment of personnel Acts of improperly recruiting personnel from another business operator to a degree that seriously obstructs the business activities of that other business operator. (Article 52 of the Enforcement Decree of the Act on Distribution and Fair Trade) The “Act on Distribution and Fair Trade” and the “Enforcement Decree of the Act on Distribution and Fair Trade” clearly and specifically define unfair trade practices, and the “Guidelines for Review of Unfair Trade Practices” stipulates that when personnel are improperly recruited and employed, it is prohibited because it can hinder fair competition by impairing price and quality competition and service competition. The “Guidelines for Review of Unfair Trade Practices” specifically identify types and criteria for unfair trade practices, along with criteria for identifying violations of the law, to ensure businesses comply with the law. Veat Law Firm Startup Advisory Team understands the difficulties companies face when resolving complex and specialized legal issues and provides tailored legal advice based on the situation of each company, helping companies grow stably and maintain competitiveness. Veat Law Firm Startup Advisory Team provides effective legal advice based on the “Act on Distribution and Fair Trade” and the Fair Trade Commission’s guidelines, considering the conditions of establishment, the degree of difficulty in business activities, and the target actions. If you have any inquiries regarding transfers of employment, prohibitions on concurrent employment or competitive employment, or other related matters regarding unfair trade practices, please contact Veat Law Firm. To support the growth and development of startups, Veat Law Firm strives to be a reliable partner, turning challenges into opportunities. For more details, please refer to the service guide below. Thank you. Veat Law Firm.
“Review of Professional Contract for Token Transfer of Blockchain Project”
Law firm Veat is handling blockchain projects for overseas clients (clients) who have entrusted us with the preparation and provision of token transfer agreements. Law firm Veat Blockchain Advisory Team confirmed complex processes involving the sale of tokens to development personnel under various conditions in the initial stages of clients’ blockchain projects, and drafted a customized English token transfer agreement for the client. Furthermore, Law firm Veat Blockchain Advisory Team provided advisory services regarding the differences between the Simple Agreement for Future Tokens (SAFT) agreement and the project investment agreement. Law firm Veat Blockchain Advisory Team clearly analyzed the key differences between the token transfer agreement and the SAFT agreement, and explained in detail the legal meaning and impact of both agreements to the client. Difference between Token Transfer Agreement and Simple Agreement for Future Tokens (SAFT) SAFT is a contract form that grants future token holders the right to future issued tokens in the initial stage when the tokens have not yet been issued. Through SAFT agreements, investors commit to receiving a portion of the future issued virtual assets at a specific point in time, and exchange them when the tokens are actually issued. SAFT is used by blockchain and cryptocurrency companies to raise initial capital, and builds transparent relationships between investors and project teams, and provides a structure for investors to be protected based on the performance of the project. Token transfer agreements are contracts that automatically transfer tokens when specific conditions are met. They are conducted through direct contracts among project participants or through smart contracts that automatically execute. Token transfer agreements focus on increasing the transparency and speed of transactions, and setting clear rights and obligations between project participants. Blockchain project support from the beginning with Law firm Veat Blockchain Advisory Team Law firm Veat Blockchain lawyers systematically manage the complex legal processes involving the transfer of tokens to development personnel at the initial stage of the project, and support by providing token sale agreements, clearly defining token sale conditions, related rights and obligations, and various legal aspects related to token sales to minimize legal risks. We focus on ensuring that token sales are transparent, comply with legal requirements, and are conducted fairly for all parties involved. Law firm Veat provides legal advisory services as a legal advisor in various blockchain business industries, and provides optimal legal advice to establish appropriate legal strategies in uncertain blockchain business environments such as virtual currencies, NFTs, and SAFTs. Law firm Veat provides legal support from the initial stage of blockchain projects. If you need token transfer agreement and blockchain business legal advice, please contact Law firm Veat. Thank you. Law firm Veat best wishes.
Mr. An Il-won Partner Attorney, Member of the Innovation Committee for Educational Programs of the Graduate School of Convergence Artificial Intelligence, Yonsei University, appointed.
Law firm Veat’s An Il-won Partner Attorney appointed as a member of the Education Curriculum Innovation Committee of the Graduate School of Interdisciplinary Artificial Intelligence at Yonsei University. Yonsei University’s Graduate School of Interdisciplinary Artificial Intelligence aims to cultivate world-leading leaders in the fields of computer science, software, and artificial intelligence, and the Education Curriculum Innovation Committee focuses on developing educational programs and introducing innovative teaching methods that reflect the latest trends in the AI field. This reflects a desire to actively respond to social changes resulting from the advancement of AI technology. Veat Law Firm’s An Il-won Attorney, certified as an IT specialist by the Korean Bar Association, particularly possesses deep understanding and experience regarding legal issues related to AI technology. An Il-won Attorney provides in-depth research and consultation regarding various legal issues brought about by new technologies, such as AI, in the IT law field, and has led the way in addressing legal issues in this area. On December 7, 2023, the appointment of An Il-won Attorney as a member of the Education Curriculum Innovation Committee was a testament to his expanded capabilities as a specialist in legal aspects of artificial intelligence (AI) technology in the education field. It is expected that the professional knowledge and experience of Veat Law Firm’s An Il-won Attorney will greatly contribute to the improvement of the curriculum at the Graduate School of Interdisciplinary Artificial Intelligence. Veat Law Firm, where An Il-won Attorney is a member, provides professional advice on legal issues related to AI technology and this appointment is a case that once again proves its leading role in the AI technology field. Veat Law Firm will continue to provide trusted advice to its clients on complex issues related to AI technology. Thank you. Veat Law Firm.
[Veat News] An-il Yun Partner Attorney, Certified IT Attorney by the Korean Bar Association
Hello, this is Law firm Veat. Veat Law Firm’s partner attorney, An Il-won, has been officially registered as a specialist in IT by the Korean Bar Association. This is a significant announcement that further strengthens the expertise and capabilities of Veat Law Firm’s IT legal services sector. Attorney An Il-won graduated from Yonsei University’s Department of Computer Science and Engineering, and previously served as Head of the Search Development Center at Naver Corporation. He conducted research and development on document ranking systems (search engine ranking systems) and distributed databases. He also won a 7th place (silver award) in the Korean regional finals of the Association for Computing Machinery International Collegiate Programming Contest (ACM-ICPC), the world’s largest and most prestigious coding competition, and currently serves as a member of the Korean Copyright Committee’s Open Source Software License Expert Community. He is solving legal issues based on a deep technical understanding of software and intellectual property. Attorney An Il-won successfully achieved this specialist field registration based on his extensive legal knowledge and deep understanding of IT. This expertise of Attorney An Il-won is expected to be even more pronounced in future IT legal consultation and advisory services. Particularly, he is confident that a balanced approach and practical advice in cases where technical complexity and legal nuances intersect will provide greater value to clients. Law firm Veat, where Attorney An Il-won is located, provides professional advice on all areas where digital technology and data are utilized, including artificial intelligence (AI), metaverse, cloud computing, big data, blockchain, fintech, e-commerce, and mobility. The firm is also home to lawyers and senior council members with high expertise in various fields, including IT, regulations, personal information, IP (intellectual property), and M&A. Based on digital technology and data, they provide broad understanding and abundant experience to offer legal support and innovative approaches related to new services and disputes. To continuously strengthen its expertise, they have recruited Mr. Yang Eun-ho, a professor at KAIST, as a technical advisor, who is an expert in LLM (Large Language Model) and artificial intelligence. Moving forward, Law firm Veat will continue to strive to contribute to IT technology-based companies based on its unique expertise and experience. Thank you. Law firm Veat Dream
Withdrawal of investment plans of Foreign Exchange Reporting Center, Foreign Exchange Reporting Specialized Solution.
Law firm Veat provides consulting services regarding Venture Capital’s requests for withdrawing investment plans when investment plans are revoked in cases where investment plans are revoked due to the need to conduct change notifications. This case involved a foreign investment fund acquiring shares of a domestic company with the intention of obtaining a securities acquisition notification by a non-resident, and the investment plan was subsequently withdrawn. Due to the difference between the initially reported content and the fact that the share acquisition did not occur, a change notification was needed to align with the content. Law firm Veat’s Foreign Exchange Reporting Center promptly and accurately handled change notifications related to the cancellation of investment plans as stipulated in the “Foreign Exchange Transactions Act.” In doing so, the law firm utilized its deep understanding of foreign exchange transactions to carefully review complex notification procedures, ensuring compliance with laws such as the “Foreign Investment Promotion Act.” Notification is not required if the following conditions are met: 1. Acquisition of won securities through a foreign financial institution established in accordance with Article 3 of the “Foreign Exchange Transactions Act,” unless the transaction is considered a foreign exchange transaction due to the establishment of a foreign financial institution account for foreign exchange transactions approved in accordance with the “Foreign Exchange Transactions Act”; 2. Acquisition of securities by a non-resident for the purpose of foreign investment recognized in accordance with the “Foreign Investment Promotion Act”; 3. Acquisition of securities through inheritance or bequest; and 4. Purchase of government bonds to fulfill obligations stipulated in domestic regulations. Except for Case 1, if the non-resident acquires domestic shares of a domestic company, without registration or listing, with shares or equity held by the non-resident, in accordance with the “Foreign Investment Promotion Act,” and does not fall under foreign investment as defined in the “Foreign Investment Promotion Act,” then notification must be submitted to the head of the Foreign Exchange Bank. It is crucial that foreign investment funds carefully conduct foreign exchange transactions in accordance with the “Foreign Exchange Transactions Act” and related regulations. The foreign exchange reporting procedure, including securities acquisition notifications, may vary depending on the details of the investment, relevant regulations, and the necessity of foreign exchange reporting notifications. Particularly, differences may arise due to changes in the client’s circumstances. Even in such situations, change notifications must be submitted. Law firm Veat’s Foreign Exchange Reporting Center provides reporting methods tailored to the client’s investment situation, meticulously reviewing guidelines from relevant agencies to ensure accurate and efficient notification procedures. Specifically, Law firm Veat’s Foreign Exchange Reporting Center helps clients understand the complex legal requirements related to foreign exchange reporting and ensures compliance with laws such as the “Foreign Exchange Transactions Act.” ... Law firm Veat – Experienced Practical Expertise in Foreign Exchange Withdrawal Notifications … Law firm Veat’s Foreign Exchange Reporting Center accurately identifies various types of foreign exchange transactions requiring notification and provides a one-stop service, from preparing and submitting the notification. During this process, foreign exchange reporting lawyers with expertise and extensive practical experience in the “Foreign Exchange Transactions Act” oversee the process and provide support. Specifically, the lawyers assist clients in navigating unforeseen changes in investment plans and ensuring business operations proceed without legal risks. Law firm Veat manages complex foreign exchange reporting procedures, including various foreign exchange reporting, change notifications, and withdrawal notifications, providing professional counsel to ensure clients can conduct business without legal risks related to foreign exchange transactions. Thank you. Law firm Veat