Case Studies
[Financial News] Discussing response measures to the overseas exchange trading special anti-money laundering law... "Veat webinar on 25th"
Law firm Veat held a webinar titled ‘Crypto Regulations in Korea (한국의 가상자산 규제)’ on August 25th targeting overseas virtual asset exchanges, global blockchain companies, investors, and anti-money laundering consulting firms. Co-organized by Law firm Veat and Finansial News, and sponsored by Newton and Vesticum, this webinar was created to provide guidance and explore response strategies regarding Korea’s virtual asset regulations for overseas virtual asset businesses who previously had no opportunity to receive guidance in English about domestic laws. One of the webinar attendees said, “We were curious about the Korean regulations regarding virtual asset exchanges, and it was a good opportunity to discuss with overseas stakeholders through this English webinar.” Please refer to the related articles below at the following links: You can also rewatch this webinar through the Law firm Veat YouTube channel: - Related articles: Thank you.
Law firm Veat - [Consulting] SAFE Investment Agreement Side Letter Drafting Work
Investor A needed a Side Letter in addition to a SAFE (Simple Agreement for Future Equity) conditional equity purchase agreement to raise investment from W, a newly established startup and a US-based company. They consulted with Law firm Veat. Law firm Veat handled the Side Letter drafting to include the contents such as the reporting and submission obligations of the investor, the use of investment funds, and the due diligence, and the penalty clause requested by the investor side. Law firm Veat possesses abundant experience in SAFE investments. If you have any inquiries regarding SAFE investments, please feel free to contact us at any time. Thank you. Law firm Veat
[Platform] Trending Zero Two Dance, are there any copyright issues?
Have you seen the Zero Two Dance challenge that’s currently trending? In an era where 1P media is mainstream, it’s not new to hear that ‘creators’ are becoming popular career aspirations among elementary school students. YouTube, TikTok, and other platforms have become media that can be easily accessed by people of all ages. In 1P media, you can often find ‘cover songs’ and ‘cover dance’ content where people imitate the songs of singers or the choreography of idols. There are also diverse types of people, such as creators who specialize in producing cover songs, and ordinary people who imitate the choreography of famous idols for their interest or fandom. Here, ‘cover’ refers to the act of another person imitating something that has already been published, such as a song or choreography. We often know that a company’s act of making a product without obtaining permission from another company can violate the law. But does imitating a song or choreography violate copyright law? Platinum Column Veat Law Firm’s Hyun-woo Jeon Attorney contributed a column on copyright related to the trending Zero Two Dance to Media Platform Platum recently. For more detailed information, please refer to the original article of the column posted on Platum: https://platum.kr/archives/170753. Thank you. Veat Law Firm
“[Legal Consultation] Review of Legal Agreements for Product Supply Contracts of Online Shopping Malls”
A Corp, which operates an online shopping mall, commissioned Law Firm Veat for legal review of the supply agreement. A Corp created a draft based on a standard supply agreement form and commissioned Law Firm Veat to advise on whether the draft was favorable to their side. Law Firm Veat revised the supply agreement based on the draft created by A Corp, ensuring that detailed contractual clauses were clearly interpreted regarding responsibility in case of delayed product delivery, and provided comprehensive legal advice. If you require legal advice related to the supply agreement, please feel free to contact Law Firm Veat. Thank you. Law Firm Veat
[202108] Monthly Veat August Issue_Crypto Regulations in Korea
Law firm Veat https://stibee.com/api/v1.0/emails/share/XtXwVocOldADnK8OSE_T3stsqDEDyw==
[Consultation] Drafting investment agreements and shareholders’ agreement (partnership agreement) for angel investment fundraising.
Law firm Veat received a referral from A, a company facing investment funding from angel investors, and drafted and provided an investment agreement and shareholders’ agreement (partnership agreement). In the case of an angel investment agreement, we considered clauses that could be disadvantageous to the company and its stakeholders, such as stock disposition restrictions, management consultation and consent clauses, and first refusal rights, and provided detailed guidance on other aspects that could be disadvantageous from the company’s perspective. In the case of a shareholders’ agreement (partnership agreement), we included clauses such as stock disposition restrictions, first refusal rights, employment obligations, non-compete obligations, and stock redemption rights (call options) for the partners. Law firm Veat has extensive experience providing legal counsel on various investment types, including angel investments, and considers the perspectives of angel investors and startups, providing prompt and stable advice. If you need legal counsel related to angel investments, such as angel investment agreements and shareholders’ agreements (partnership agreements), please contact Law firm Veat at any time. Thank you.
Law review of English promotional sales contracts for application software development and supply companies.
Law firm Veat assisted A, a company operating application software development and supply businesses, with drafting and legal review of an English promotional sales agreement. A, a company developing online services, wished to sign a promotional sales agreement with B, a company promoting online services, and requested Law firm Veat to draft the English promotional sales agreement from the beginning. Law firm Veat provided legal advice by drafting the promotional sales agreement to ensure that A’s desired items were reflected. Thank you. Law firm Veat
[Consulting] Drafting English Due Diligence Materials and Legal Review for Joint Venture Establishment]
Law firm Veat has conducted work on preparing English term sheets related to the establishment of a joint venture (Joint Venture). Law firm Veat has reviewed important clauses included in joint investment contracts, such as capital structure, management structure, stock transfer, stock options, and prepared English term sheets. It has conducted all-around work related to the establishment of a joint venture. Law firm Veat is currently conducting all-around legal advisory work related to the establishment of a joint venture, including overseas securities acquisition notification and review of joint investment contracts. If you are individuals who need legal review related to the establishment of a joint venture, please feel free to contact Law firm Veat at any time. Thank you.Law firm Veat
[Legal Review of Advertising Standard Contract for Community Companies]
Law firm Veat provided legal advisory services regarding advertising contracts for domestic community companies. Veat handled the standard advertising contract legal review for W Co., Ltd., a startup operating a community, which was requested in order to contract with community advertisers. Based on the inquiries received from W Co., Ltd., Veat conducted a comprehensive legal review to determine if there were any clauses in the standard advertising contract that could be disadvantageous to W Co., Ltd. In particular, it meticulously reviewed the procedures to be taken if the contract between the media company and affiliated media company was changed or terminated, and provided opinions. If you need a standard advertising contract review with Veat, please feel free to contact us. Thank you. Veat 드림
[Consultation] Questions Regarding the Establishment of Private Investment Associations Legal Review]
E Company inquired with Law firm Veat regarding whether it is possible for the GP, who is currently serving as the CEO of a company in which it is conducting investments after the formation of a private investment fund. Law firm Veat provided an opinion on review regarding whether it is possible for the GP to invest in a company in which it is serving as the CEO, and whether it can be subject to tax exemption under the Tax Special Provisions Act in such a case, and other related details. If you have detailed inquiries regarding the formation process and duration, investment target, and the possibility of tax exemption related to the formation of a private investment fund, please contact Law firm Veat. Thank you. Law firm Veat