[Consultation] Conduct legal review of integrated investment conditions by investor.

Law firm Veat undertook legal advisory services in response to a request from A, a software development and supply company, regarding the integration of investment conditions by investor and the related investment conditions.

Startup A had multiple investors, and the conditions of shareholders’ agreements differed between investors.

Law firm Veat, upon A’s request, advised on the execution of amended agreements to unify the rights held by investors, such as management approval rights, board of director appointment rights, stock option grants, and penalties for breach of contract, to prevent conflicts of interest between investors and to allow A to maintain company management under a unified condition. They requested Veat to advise on the execution of amended agreements to integrate these investment conditions.

Furthermore, while eliminating differences between investment conditions, they proposed a revised plan that considered the interests of investors, while aligning with the domestic investment reality and not disadvantageous to the invested company, A.

Law firm Veat provides meticulous legal advice, including reviewing investment-related shareholder agreements and shareholders’ agreements, throughout the investment fundraising process.

Notably, Law firm Veat is recognized for its expertise in investment-related legal advice, having been selected as a Finalist in the Korea Deal Firm category at the ‘ALB Korea Law Award 2022’.

If you need investment legal advice or require assistance with drafting and legal review of shareholder agreements, please contact Law firm Veat.

Thank you.

Law firm Veat.