Our Korean Speaking Team
Our Korean desk is comprised of experienced lawyers and has the capacity to advise outbound investors from Australia as well as inbound investors into Australia.
Our team includes:
Jung Ryu, Senior Associate
Jung is both fluent in Korean and English and has a broad range of commercial experience, particularly in the areas of mergers and acquisitions, asset and share acquisitions and disposals, capital raisings, managed investment schemes and operational or commercial arrangements. Prior to joining Hall & Wilcox, Jung was a lawyer at Allens Arthur Robinson (now Allens) in its mergers and acquisitions practice group and in 2010, assisted ANZ Bank with its proposed acquisition of Korea Exchange Bank, by liaising with Korean lawyers and reviewing Korean regulatory settings. Jung most recently worked as a lawyer at the Australian Securities and Investments Commission regulating M&A and capital raising transactions and assisting the Treasury with the Asia Region Funds Passport.
Maximillian Chung, Lawyer
Maximillian is in our Corporate and commercial team, he is of Korean background and has previously spent some time abroad studying at Korea University in their graduate school of law program. Prior to joining Hall & Wilcox, Maximillian also worked as a corporate lawyer at a global law firm and as a consultant in a big four professional services firm with experience in advising on potential tax implications of streamlining Australian and Korean operations.
Investments in Korea and Australia
Korea is Australia’s third largest export market and fourth largest trading partner, with bilateral trade worth A$32 billion in 2013. In particular, Korea is one of the APEC countries which have agreed to participate in the Asia Region Funds Passport that allows cross-border offerings of a collective investment scheme if the scheme is established and regulated in one of the Passport member countries. The Korean Government signed the Statement of Understanding in September 2015, signalling its commitment to join the Passport ahead of its commencement in 2016. Once implemented, it will create a regional financial market and reduce retape for managed funds, while providing investment managers with access to Asian middle classes’ savings including the Korean financial market.
Hall & Wilcox has assisted numerous international clients in a range of Australian transactions and has experience in advising Australian clients on entering into international transactions. We have extensive cross-border expertise and are well positioned to assist international clients that want to do business in Australia, whether it be the acquisition of an Australian entity or the setting up of a subsidiary or branch office in Australia.
We frequently act for overseas clients acquiring companies in Australia. In particular, we are able to advise on:
- establishing the most appropriate legal structures for businesses;
- international tax issues and tax structuring advice;
- corporate restructures, mergers, acquisitions, joint ventures and divestments;
- employment obligations and agreements;
- compliance obligations of companies under the Australian Competition Law;
- obtaining appropriate visas, immigration compliance, permanent residency and citizenship issues;
- commercial agreements including franchise, distribution, supply and service agreements;
- protection and licensing of intellectual property;
- commercial and residential property transactions; and
- whether any Australian regulatory compliance and approvals are required for a particular transaction and if so, obtaining those approvals.