[Consultation] Review of Legality Regarding Exercise of Conversion Rights of Venture Capital Investment Trust for New Technology Business]
Article posted in 2020-07-09 09:54:56 | VEAT
Law firm Veat conducted a review of legality regarding the exercise of convertible bonds related to the Venture Investment Trust’s convertible bond exercise.
A Venture Investment Trust commissioned a legality review to ensure there were no legal issues before exercising its convertible bond rights, which it previously held.
Accordingly, Law firm Veat reviewed key regulations including ▲“Financial Institutions Act (Finance Act)” and ▲“Act on Support for Venture Business Finance” focusing on them, and, considering that the Venture Investment Trust’s legal nature corresponds to a civil law association, it reviewed ▲“Civil Act” Article 706 and relevant precedents together in order for A Venture Investment Trust to approach potential legal issues that may arise when exercising the convertible bonds from various angles.
Convertible bonds are securities that give the holder the right to exchange them for shares of a company that issued the security, subject to certain conditions. As convertible bonds combine the advantages of both securities and debt instruments, they are widely used by investors.
Law firm Veat provides advice based on its extensive experience in various investment-related matters, offering clients the optimal direction and providing advice from the perspective of experienced experts by thoroughly reviewing the issues faced by clients. Please feel free to contact Law firm Veat if you need any legal advice related to these matters.
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Law firm Veat.