Chambers Review

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Shipping: Finance - South Korea

2
Band 2

What the Team is Known For

Bae, Kim & Lee has an experienced legal team, frequently instructed on wet and dry disputes, with areas of focus ranging from charter party and shipbuilding disputes to collisions and cargo claims, advising cargo owners and marine insurers. The team also handles shipping finance work, such as advising domestic export credit agencies on long-term export policies. The practice is additionally noted for vessel arrests in South Korea and advises various shipping clients on general corporate law and day-to-day vessel operations. It also acts on vessel sale and purchase matters.

Work Highlights

  • Bae, Kim & Lee advised on HMM's acquisition of several VLCCs, including advising on negotiations with the previous owners and their lenders on discharging the loan and security created over the VLCCs.

  • Bae, Kim & Lee advised Array on its insurance claims arising from damages to steel cargo against AIG Insurance for payment of insurance proceeds.

Strengths

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Notable Practitioners

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Yoon Jeong Park
2
Yoon Jeong Park
2
Band 2

Park Yoon Jeong co-heads the department at Bae, Kim & Lee and is a senior foreign attorney who can count several P&I clubs, shipbuilders and shipping companies among her clients. She frequently handles international arbitration proceedings arising out of both wet and dry shipping disputes. She is a fluent English speaker.

Park Yoon Jeong is a first-rate lawyer with excellent communication skills.

Ranked Lawyers at
Bae, Kim & Lee LLC

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South Korea

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Yoon Jeong Park
2
Yoon Jeong Park
2
Band 2