[Consultation] Legal advice regarding flip from domestic entity to Singaporean entity.

Law firm Veat handled legal advisory services including the drafting of English stock exchange agreements and investment agreements related to the case concerning the transfer of a shareholding from a Korean entity, A Startup Investment Corp., to a Singaporean entity through a “Flip” process.

A Investment Corp. intended to conduct a “Flip” from a Korean entity to a Singaporean entity using a stock exchange method.

Accordingly, Law firm Veat prepared English stock exchange agreements and investment agreements between Korean shareholders and the Singaporean entity, as well as investment agreements between Korean investors, the Singaporean entity, and stakeholders. Specifically, this English stock exchange agreement reflected the contents of existing shareholdings of type shares, and the investment agreement in the Singaporean entity reflected the restrictions on the disposal of shares by stakeholders under existing Korean entity investment agreements, the right of first refusal, tag-along rights, and a claim for parallel sales.

The reason why domestic entities intend to conduct a “Flip” to overseas locations is diverse, including easy attraction of overseas capital and investment, entry into overseas markets, and provision of services to overseas users. However, considering the various conditions, such as the consent of the investor, understanding between existing and new shareholders, when conducting a “Flip,” it is recommended to proceed with the help of experts who have a lot of experience in this area.

Law firm Veat is conducting swift and efficient legal advisory services based on numerous “Flip” experiences, and provides comprehensive legal advice, including the setting of a structure suitable for your company’s “Flip” plan, the drafting of stock exchange agreements and investment agreements, through direct consultations with lawyers. If you are interested in “Flip,” please feel free to contact Law firm Veat at any time.

Thank you.
Law firm Veat