[Mergers and Acquisitions] Legal consultation for the transfer of business rights between foreign and domestic companies.
Article posted in 2023-03-28 11:58:28 | VEAT
AI technology-based startup A Co. requested legal advice from Law firm Veat regarding transactions in which a domestic entity transfers its business to a foreign entity.
A Co. requested that a legal review be conducted regarding foreign exchange transactions and business transfers necessary for conducting a transaction in which a domestic entity transfers a specific business segment to a foreign entity.
Law firm Veat provided A Co. with a business transfer agreement drafted and comprehensively provided advisory services related to business transfers, including asset/contract transfers.
Business transfer refers to the merging of a company organization and the transfer of rights and legal status according to the business purpose. This method enables selective acquisitions, and legal succession is carried out for debts related to the business, which reduces the burden of debt held by the company.
When conducting foreign exchange transactions due to reasons such as financial transactions and M&A, it is necessary to comply with the procedures stipulated in the Foreign Exchange Transactions Act, and to ensure safety by consulting with lawyers who have extensive experience in M&A and the Foreign Exchange Transactions Act.
Law firm Veat, which topped the Bloomberg M&A League Table in 2022, and was a Finalist in the Korea Deal Firm category of the ‘ALB Korea Award 2022’ for two consecutive years, proves its expertise in M&A legal advisory services.
Law firm Veat operates the Overseas Investment Reporting Center to allow you to smoothly and quickly conduct complex foreign exchange reporting. If you need comprehensive legal advice on M&A, business transfers, and foreign exchange reporting, please contact Law firm Veat.
Thank you.
Law firm Veat