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8 RUE SAINTE ZITHE, PO BOX 690, 2016 LUXEMBOURG
Tel:
Work +352 29 72 981
Email:
Web:
www.molitorlegal.lu

Chan Park

Tel:
Work +352 297 298 1
Email:
MOLITOR Avocats à la Cour SARL

Work Department

Corporate & M&A, Banking & Finance

Position

Chan Park is Avocat à la Cour, Member of the Luxembourg Bar, 2014 and the Brussels Bar, 1999. He is a Partner at MOLITOR and is in charge of the firm’s Corporate and M&A practice.

Career

Chan has extensive experience in corporate and corporate finance transactions. His principal fields of activities are corporate law, mergers and acquisitions, cross-border reorganisation centred in Luxembourg, and implementation of complex corporate structures involving multiple jurisdictions. Chan regularly represents large groups of companies in the US, Europe, Asia, international financial institutions and private equity and venture capital houses in corporate and finance matters. He also has particular expertise in the coordination of multi-jurisdiction transactions involving foreign counsels and other advisors.Previously, Chan worked with a major Benelux firm, a Manhattan-based firm in New York, a Big Four firm in Luxembourg and D.Law.

Languages

Chan is fluent in English, French, Korean and has a basic knowledge of Dutch.

Member

Chan is a member of the International Bar Association (IBA) and an active member of the International Association of Korean Lawyers (IAKL) where he serves as a Regional Governor for Europe.

Education

Chan received his law degree from the University of Louvain (Belgium) and holds an LL.M. from the University of Pennsylvania Law School (USA).


Luxembourg

Banking, finance and capital markets

Within: Banking, finance and capital markets

Led by Michel Molitor, Molitor Avocats à la Cour advises corporates and lenders on financing and refinancing where, as a result of its strong litigation credentials, it is able to effectively draft documentation to avoid potential disputes. The ‘flexible and creativeChan Park advises corporates on equity and debt fundraisings.

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Commercial, corporate and M&A

Within: Commercial, corporate and M&A

Led by the ‘flexible and creativeChan Park, Molitor Avocats à la Cour provides ‘focused and commercial advice’ to international clients across a range of cross-border M&A mandates and reorganisations. The ‘commercialPhilippe Thiebaud regularly handles private equity-led M&A work.

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Legal Developments by:
MOLITOR Avocats à la Cour SARL

  • Luxembourg IP Tax Regime Repealed

    Bill No 6900 for the budget for 2016, presented on 14 October 2015 by the Luxembourg Minister of Finance Pierre Gramegna, is about to be adopted. It repeals the existing business-friendly tax regime encouraging the exploitation of intellectual property rights (“IPRs”) as from 1 July 2016, with a transitional period beginning on 1 July 2016 and ending on 30 June 2021.
    - MOLITOR Avocats à la Cour

Legal Developments in Luxembourg

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Free movement of workers: new provisions on equal treatment and minimum pay for highly qualified wor

    Equal treatment
  • Free movement of workers: new provisions on equal treatment and minimum pay for highly qualified wor

    Equal treatment
  • Luxembourg Stock Exchange unveils Securities Official List for non-traded securities

    The Luxembourg Stock Exchange has launched the Securities Official List, a dedicated section of the exchange’s official list that enables securities to be listed without requiring them to be admitted to trading on either its regulated Bourse de Luxembourg or Euro MTF market. The SOL, which involves a simplified and rapid registration process, is specifically designed for issuers seeking only the visibility of having their securities on a recognised official list and for which admission to trading is not essential, but that can benefit from the enhanced distribution and diversification of their investor base the new listing section offers.
  • New double tax treaty between France and Luxembourg: substantial impact on real estate investors

    On 20 March 2018, the governments of France and Luxembourg signed a new double tax treaty (“New Treaty ”) replacing the current treaty dated 1 April 1958 (“Old Treaty ”). Although the New Treaty is based on the 2017 OECD Model Tax Convention, it contains certain substantial derogations therefrom.
  • Luxembourg in space, one step ahead [video]

    ​​Discover Luxembourg's space adventure and the challenges the space industry will face in the next decade. Arendt & Medernach, the leading law firm in Luxembourg, continuously supported the space and satellite industries and have developed the firm’s expertise and experience in these domains. We are now really looking forward to helping other businesses on their journeys into space. Should you require more information, please contact Laurent Schummer , Bob Calmes and Blazej Gladysz .
  • Cross-border distribution of investment funds: a proposal for harmonisation

    Reducing barriers for cross-border distribution of investment funds within the EU, thus reducing the costs of going cross-border, while deepening the single marketing procedure for investment funds is the proclaimed purpose of the two legislative proposals published by the EU Commission today, on 12 March 2018. According to the EU Commission proposal, the envisaged harmonisation of rules for cross-border distribution should occur through a new directive amending both the UCITS and AIFM Directives with regard to the cross-border distribution of collective investment funds, and through a new regulation on facilitating cross-border distribution of collective investment funds and amending the EuVECA Regulation (Regulation on European venture capital funds) and the EuSEF Regulation (Regulation on European social entrepreneurship funds).
  • Clarification of the scope of the UCITS and AIFMD depositary regimes

    A significant number of so-called Part II UCIs may remain within the scope of the AIFMD depositary regime. Luxembourg’s Parliament ( Chambre des Députés ) has voted yesterday to amend the respective legislation to this effect. This amendment clarifies the scope of the UCITS-like and the AIFMD depositary regimes in Luxembourg for these funds.
  • New anti-money laundering rules in Luxembourg

    On 14 February 2018, the law of 13 February 2018 implementing a substantial part of the 4th anti-money laundering directive (4th AML Directive) was published in the Official Journal of Luxembourg. The law will enter into force on 18 February 2018.
  • Outsourcing made easier: professional secrecy in the financial and insurance sector softened

    Through the law of 27 February 2018 implementing the EU regulation (UE) 2015/751 on interchange commissions for card based payments, which amends various laws relating to the financial sector (and was published in the Luxembourg official gazette on March 1st 2018), the Luxembourg parliament has now relaxed the rules on professional secrecy for banks, investment firms, other regulated professionals of the financial sector, payment institutions, electronic money institutions and insurance undertakings (together the « financial institutions ») to facilitate outsourcing arrangements.
  • Permanent exemption from variation margin obligation for FX forwards?

    Earlier this week, the European Supervisory Authorities (ESAs) published draft amendments to EMIR-related regulatory technical standards (RTS) that align the treatment of variation margin (VM) for FX forwards with the supervisory guidance applicable in other key jurisdictions. More specifically the draft amendments propose that the requirement to exchange VM for physically settled FX forwards shall only target transactions between institutions (credit institutions and investment firms).