[Consultation] Regarding the preparation of foreign exchange transaction reports and convertible note investment contracts.

Law firm Veat carried out all aspects of work, including drafting convertible note investment agreements and acting as a foreign exchange transaction reporting agent, during the process in which a foreign venture capital A invested convertible notes in Korean startups.

Law firm Veat provided legal advice to ensure the successful completion of this investment, from reviewing the 7T summit to drafting the investment agreement and handling related foreign exchange transactions.

Notably, a convertible note is a short-term bond that can be converted into stock in the future, and is primarily used as a fundraising tool for startups in the seed investment stage. Because convertible notes may not be interpreted as securities issued by domestic corporations, detailed legal reviews are essential to consider the relevant factors.

Based on its experience providing legal advice to numerous startups in the seed investment stage, Law firm Veat possesses expertise regarding the factors to consider when investing in convertible notes. Please feel free to contact Law firm Veat anytime if you are considering convertible note investment methods.

Thank you.
Law firm Veat