On May 27, 2024, LIN (CEO and Managing Partner Jin Seok Lim) signed a Memorandum of Understanding (MOU) with the Korea Turnaround Management Association and Interocean MS to assist companies expanding overseas with rehabilitation procedures. Through this MOU, the three institutions plan to share human resources and expertise, and promote practical networking opportunities.

Key points of the MOU include:

• Establishing an effective support system for companies based on the expertise of the three institutions.

• Providing information on corporate restructuring, management and recovery of overseas investment assets, and rehabilitation procedures.
• Offering comprehensive management consulting and legal services to rehabilitating companies.

LIN (CEO and Managing Partner Jin-Seok Lim) has recently recruited a number of industry experts, including lawyers, foreign lawyers, and advisors, to solidify the position of LIN as a big firm in Seocho-dong with over 140 professionals, and Lin is now fully equipped with a team of professionals to handle major overseas cases, including international disputes, international litigations, international transactions, international finance and financial regulation, and cross-border M&As.

On April 19, at the inauguration ceremony of the second president, Byung-Woon Yoon, the Korea Turnaround Management Association appointed Jong-Min Lee, Chairman of Interocean MS and an expert the withdrawal of overseas businesses and recovery of investments and receivables, as Vice President, and announced the official launch of its business. Interocean MS also provides specialized global corporate restructuring services, leveraging its strong global network and negotiation capabilities in overseas markets.

Through this MOU, the three institutions will jointly design and implement projects for restructuring, overseas investment asset management and recovery, and legal services. They plan to enhance managerial and legal knowledge of the management by organizing workshops and seminars. This collaboration is expected to significantly help companies secure liquidity by establishing a system for recovering funds for businesses withdrawing from overseas operations.

For the related articles, please refer to the following original texts:

Maeil Business Newspaper & Korea Economic Daily & The Law Times
Original Articles▼
"LIN Joins Hands with Korea Turnaround Management Association to Support Companies"
"Korea Turnaround Management Association Signs MOU with Interocean MS and LIN"
LIN, Interocean MS, and Korea Turnaround Management Association Signed an MOU for Restructuring of Global Companies