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  1. Shipping: Local firms
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Who Represents Who

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Choi & Kim’s extensive shipping experience includes a strong focus on maritime-related insurance, insolvencies and international trade matters. Highlights included representing a number of clients, including P&I club members, in litigation pertaining to the rehabilitation proceedings of Samsun Logix, Korea Line, Pan Ocean, and Daebo International Shipping, and advising HNA Group on the wrongful arrest of a vessel on Jeju island. Name partners C J Kim and J H Choi are recommended.

Kim & Chang’s ‘diligent and commercial’ team handles the full gamut of shipping matters, ranging from marine casualty to insolvency proceedings. Highlights included acting as co-counsel for a Korean shipyard in arbitration proceedings pertaining to a shipbuilding contract before the London Maritime Arbitrators Association. Practice head Byung-Suk Chung holds prominent positions in the shipping community, including serving as president of the Maritime Law Association, and is noted for his ‘expert guidance’. Jin Hong Lee is another name to note.

Kwon & Moon’s ‘excellent’ team is valued for its ‘very good commercial instincts and contacts within the Korean market’. It is a popular choice for ship collision and grounding matters, where it represents the owners and charterers, as well as acting for P&I clubs in insolvency litigation. Recent work includes acting for 60 creditors, including Hyundai Glovis and Sinokor Merchant Marine, on the rehabilitation proceedings of Pan Ocean. Tae Il Kwon is ‘extremely knowledgeable and responsive’ and K M Moon is ‘a straight shooter’ with ‘a very good commercial mind’. *Since publication, Kwon & Moon has separated into Kwon & Co. and Moon & Song.

Lee & Ko’s ‘dedicated’ shipping practice acts for an array of shipyards, shipbuilders, carriers, logistics companies and banks. Recent work includes advising on a ship arrest and acting for a client in a dispute pertaining to a straight bill of lading. Jin-Young Jung, Jae Hwan Kim and ship financing expert Woo Young Jung are the names to note.

Shipping litigation is a core area for Sechang & Co.’s team, which is commended for its ‘experience in handling complex, high-value disputes’ and its ‘clear understanding of English court procedure’. The group has a strong track record handling insolvency proceedings: the ‘extremely experiencedHyun Kim and ‘responsiveThomas Kim were part of a team representing several foreign creditors in the Chapter 11 rehabilitation proceedings of STX Offshore & Shipbuilding.

Cho & Lee is best known for representing insurers in cargo recovery claims, as exemplified in its defence of the Korean subsidiary of the ACE Group in a claim pertaining to the loss of cargo overboard. Other clients include Samsung Fire & Marine Insurance and Lotte Insurance. Sung Keuk Cho and Hee-Joo Lee are the names to note.

Suh & co has a close relationship with the Britannia P&I Club and its members. It is currently defending Maersk in a cargo damage claim and is representing the owner of MV Panamax Blessing in separate criminal and civil proceedings pertaining to the vessel’s collision with MV Harmony Rise. Dong-Hee Suh leads the team.

Yoon & Yang LLC’s shipping practice acts for clients including Weidong Ferry and Korea P&I Club. Hae Duk Jung and Sang-Pil Lee acted for Heungkuk Fire & Marine Insurance in proceedings before courts in Korea and the UK pertaining to refund guarantee reinsurance. The pair are also representing Korea Marine Environment Management Corporation in a claim for damages following the 2007 MT Hebei Spirit oil spill.

Ship financing makes up the bulk of Yulchon’s workload in this space. Senior foreign counsel Christopher Joon-Tae Cho advised Hyundai Glovis on the $270m refinancing of eight vessels and assisted the Korea Development Bank with the financing of two aframax tankers and two very large crude carriers (VLCC).

At Bae, Kim & Lee LLC, Jong Ku Kang (who has a ‘high local standing’) and Tae Jeong Kim are rated as ‘knowledgeable and practical’. They acted for KB Insurance in limited liability proceedings pertaining to the collision of a VLCC with an oil terminal insured by the client.

At Jipyong, practice head Choon-Won Lee is an ‘excellent lawyer’ who provides ‘incredibly prompt’ advice. Highlights included representing 21st Century Shipbuilding in a contractual dispute where the parties agreed to a hearing before the Korean courts rather than in London-based arbitration proceedings as stipulated in the contract.


Foreign firms

Who Represents Who

Find out which law firms are representing which Foreign firms clients in South Korea using The Legal 500's new comprehensive database of law firm/client relationships. Instantly search over 925,000 relationships, including over 83,000 Fortune 500, 46,000 FTSE350 and 13,000 DAX 30 relationships globally. Access is free for in-house lawyers, and by subscription for law firms. For more information, contact david.burgess@legal500.com.

CLICK HERE TO VISIT THE WHO REPRESENTS WHO SITE

The ‘responsive, practical and academic’ Alex Andrews heads Reed Smith LLP’s practice from London, which handles wet and dry shipping matters for clients including Pan Ocean, Hyundai Heavy Industries and the G6 Alliance.

Seoul managing partner and practice head Michael Kim is the key name at Stephenson Harwood, which focuses on dry shipping. Kim and London-based Sean Gibbons led advice to Hyundai Merchant Marine on renegotiating charter hire agreements with several shipowners. Other clients include Hanjin Shipping and Daewoo Shipbuilding & Marine Engineering.


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