On June 28, 2022, Hwaum Law Office successfully completed an engagement for Company Y involving the drafting of a shareholders’ agreement.
A shareholders’ agreement is entered into among shareholders to establish arrangements concerning the operation of the company, corporate governance and decision-making, the transfer of shares, and other matters. It is generally advisable for business partners to establish such an agreement in advance in order to prevent potential disputes and appropriately balance the interests of the parties.
This engagement was particularly complex and challenging, as it involved multiple contracting parties and multiple companies with interconnected interests. In particular, the client wished to apply distribution ratios for dividends and the distribution of residual assets that differed from the parties’ respective equity ownership percentages. A key aspect of the engagement was therefore to reflect this arrangement in the shareholders’ agreement in a legally permissible manner.
At Hwaum, our legal team provides sophisticated legal services in drafting shareholders’ agreements, including carefully assessing the legal risks associated with unique and non-standard client requests and incorporating such arrangements into agreements in a legally compliant manner.
If you have any questions, please feel free to contact us at the information below.
Attorney: Yunseon Kim
Email: help@hwaumlaw.com
Tel: +82-2-522-0413