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Shipping – Foreign firms

Index of tables

  1. Shipping – Foreign firms
  2. Leading individuals

Leading individuals

  1. 1

Stephenson Harwood’s managing partner Michael Kim has the ‘best competency in proposing a solution-driven strategy, assuring the best outcome under the difficult circumstances’. Stuart Burrell is ‘reliable and very prompt’; he is recommended for contentious matters and construction–related issues, as is Hong-Kong based Andrew Rigden Green. Jade Park ‘is good at finding out the nub of a question’. Gregg Johnston focuses on ship finance and counts the Korea Development Bank as a long-standing client.

Norton Rose Fulbright has strengthened its offering with the recruitment of asset and project finance counsel Sung-Hwan Choi. The Singapore-based shipping team is headed by Ben Rose.

Reed Smith LLP’s expertise spans shipping and offshore and onshore construction work, disputes and claims involving collisions, groundings and fires as well as a niche specialism in trade and commodities. Team head Alex Andrews leads in contentious matters and competition partner Marjorie Holmes is experienced in advising transportation sector clients.

Goh Mei Lin at Watson Farley & Williams has extensive expertise in ship finance and has recently advised several agents in relation to a large-scale restructuring of SK Shipping Co. Madeline Leong and Christoforos Bisbikos are also recommended for cross-border asset and project finance matters.

Shipping – Local firms

Index of tables

  1. Shipping – Local firms
  2. Leading individuals
  3. Next Generation Partners

Boutique shipping firm Choi & Kim’s expertise spans disputes relating to transportation and charter contracts, defence to cargo claims, and accidents at sea. The firm also handles insurance disputes, notably those relating to hull and cargo claims. Name partners J H Choi and C J Kim lead the practice which acts for major P&I clubs and shipping companies. Sung Won Park and Jinho Shin are also names to note.

The team at Kim & Chang is ‘able to handle various shipping matters with quality advice’Chul-Won Lee has a ‘wealth of experience’ in shipbuilding disputes; he and Dong-Seok Oh recently acted in a case relating to termination of the shipbuilding contract and the tender of delivery. Jae-Bok Lee ‘gives particularly good practical advice’ in marine insurance-related matters and ship financing projects. Department head Byung-Suk Chung specialises in maritime law, insurance disputes and domestic and cross-border international trade litigation. He and JB Lee are representing several creditors in bankruptcy proceedings against Hanjin Shipping, one of the largest insolvency cases in the maritime industry. Joon Hwan Park is a key name in the area of cargo claims and marine casualties.

Lee & Ko expertly handles traditional shipping disputes, while also maintaining strong capabilities in insolvency, ship finance, logistics and ship and aviation regulatory matters. The practice is able to draw on its multi-disciplinary expertise to represent clients such as Daejoo KC in litigation concerning aviation regulations. On the non-contentious side, Byung Tak Hwang and Elayne Heeseung Sung are active in ship finance, advising lenders on complex multi-jurisdictional transactions; Woo Young Jung, Yun-Jeong Suh and Yun Jeong Seo are also names to note. For disputes, Jin-Young Jung is a well regarded figure; he and Yang Ho Yoon are defending Meritz Fire & Marine Insurance in a leading maritime insurance case, and he is also acting for Pantos Co in a complex cargo dispute.

Moon & Song frequently act in complex shipbuilding and insurance disputes, particularly in the areas of termination of shipbuilding contracts, oil pollution cases, and cargo insurance claims. In ship finance, the team advice on sale and purchase agreements, leases and bareboat charter of hire purchase contracts. Managing partner Kwang-Myeong Moon leads the practice. Other key figures include Nam Woo Kim, Jae Hee Kim and Euyseop Han.

The team at Bae, Kim & Lee LLC is ‘well experienced and give accurate advice with reasonable fees’. The practice is particularly noted for its ‘intimate knowledge of Korean proceedings with a keen understanding of other major legal systems’; group head Jong Ku Kang is praised for his ‘commercial acumen and keen attention to detail’. Kang frequently acts alongside Tae-Jeong Kim in contentious matters; they successfully acted for KB Insurance regarding the payment of damages, and are currently representing Doosan Engine in complex arbitration proceedings. Young-Joon Cho and Hyun Wook Park are recommended on ship finance-related matters. Foreign attorney Yoon Jeong Park is a name to note for maritime disputes.

Sechang & Co.'s expertise spans maritime collisions, salvage, grounding and insurance claims. On the non-contentious side, the practice has experience in ship finance, shipbuilding contracts, leasing and registration, as well as in the aviation sector in respect of defence of carrier for cargo damage claims. Key figures include senior partner Hyun Kim, foreign attorney Thomas Kim and So-Hyun Yoon, who is recommended for his insolvency work.

Jipyong is experienced in handling disputes concerning accidents and damages as well as regulatory issues, insolvency and ship finance. The team regularly takes instructions from ship and cargo owners, charterers and maritime insurers. Choon-Won Lee is currently advising cargo owners Hanwha Total Petrochemical on a cross-border claim against a Hong Kong-registered freighter over a collision resulting in loss of cargo. He is also acting for Hyundai Merchant Marine and its P&I Club insurers in a complex claim regarding a fire accident on board the vessel, Maersk Honam. Other key contacts are Da-Yeon Ahn, Ja-Young Shin, Bang Jo Lim and Dae Hee Kim.

Kwon & Co is instructed in various cargo disputes including fire and wet damage to cargo and shipping insurance claims, in addition to damage claims arising from ship collisions. Tae il Kwon is an ‘outstanding’ all-round maritime law practitioner; he is frequently assisted by Myung Hee Ryu and Suyeon Jeong who are also highly recommended. Recent highlights for the team include acting for Air China Cargo in a cargo dispute case. In wet shipping, Kwon assisted the shipowner of MV Ocean Coral agree a damages settlement following a collision with a fishing boat and subsequently caused injury to the crew and damages to the vessel.

Suh & Co founding partner Dong-Hee Suh has a strong track record in shipping disputes, including advising on collisions at sea, insurance disputes, cargo claims, and environmental damage, for major shipping companies. The team is also experienced in ship finance and vessel sales.

Yoon & Yang LLC’s shipping practice handles a full range of advisory and dispute work for domestic and international ship charterers, P&I Clubs, insurance companies and aviation sector clients. Hae Duk Jung and Sang-Pil Lee recently advised Pan Ocean in a dispute concerning dead freight and demurrage that occurred in the transportation and importation of coal. Lee successfully represented Yongma Logis in a suit regarding the additional costs incurred during multi-modal transportation.

Yulchon’s full-service multi-disciplinary practice covers contentious and non-contentious matters and transactional mandates. Highlights for the team include advising Daewoo Shipbuilding & Marine Engineering on its restructuring process with its creditor financial institutions. The group also successfully managed the merger of Nippon Yusen’s two joint ventures with Mitsui OSK Lines and Kawasaki Kisen Kaisha. In the ship finance space, senior foreign counsel Christopher Joon Tae Cho ‘is very knowledgeable in the Korean shipping market’ and represented Korea Development Bank in connection with financing Sinokor Tanker’s acquisition of a large crude oil carrier valued at $16m.

Cho & Lee’s shipping practice assists shipowners, charterers and freight forwarders on matters ranging from marine insurance and maritime salvage to sea pollution and vessel arrest. Clients include foreign and domestic underwriters and charter parties. Key contacts include managing partner Sung Keuk Cho, Dong-Hyun Kim and Jeoung–Wook Lee.

DR & AJU LLC's Sang Bong Lee advised Incheon Port Authority plan a royalty and rent charges scheme in relation to its forthcoming International Passenger Wharf development. Elsewhere, Jin Han KIM is representing the defendants in an appeal following decision relating to a collision at sea. The practice also represents a well-known shipping company in contentious and regulatory matters arising out of bankruptcy.

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Dinner with GC -
Korea 2018

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