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Korea Practice

Stikeman Elliott has long recognized the continuing growth of the Korean economy in the global arena. Our firm has frequently advised both Korean and Canadian clients in connection with a variety of transactions, including inbound and outbound investment and acquisitions, joint ventures, project development, corporate finance and business litigation. We also provide ongoing legal advice to a number of Canadian subsidiaries of leading Korean multinationals. In addition to the work led by our offices in Toronto, Montréal, and Calgary, our Vancouver and Sydney offices support our work with Korean clients and serve as our gateway for building relationships in the Pacific Rim.

A selection of our recent experience includes acting for/in connection with:

  • Korea Deposit Corporation (KDIC) in relation to the bankruptcy and receivership of 3 Eau Claire Developments Inc., including the successful recovery for KDIC of outstanding loan amounts.

  • Green Cross Biotherapeutics (GCBT), a subsidiary of Green Cross Corporation, in connection with the incorporation, financing, land acquisition, plant construction and operation of Canada's first plasma-fractionation facility.

  • Korea Panama Mining Corporation (a joint venture between KORES and LS-Nikko) in connection with Inmet Mining Corporation's US$1B precious metal streaming arrangements with Franco-Nevada Corporation for the Cobre Panama copper project in Panama.

  • Korea Panama Mining Corporation in its US$199M acquisition of a 20% interest in Minera Panama SA from Inmet Mining Corporation.

  • Korea Resources Corporation in its participation in Capstone Mining's C$700M acquisition of Far West Mining, including Korea Resources' C$200M acquisition of a 30% interest in Far West Mining and its related C$175M purchase of an 11% interest in Capstone.

  • The dealer group, as Canadian counsel, in the issuance by Harvest Operations Corp. of US$630M 2.125% senior notes due 2018 and unconditionally guaranteed by Korea National Oil Corporation.

  • The dealer group in the C$300M "Maple" bond offering by Korea Gas Corporation.

  • Ontario Power Authority in connection with the Green Energy Investment Agreement involving Samsung C&T Corporation and the Korea Electric Power Corporation.

  • Southdown Station Partnership in the negotiation of an EPC Contract with Samsung Engineering & Construction Group relating to the construction of an 850-MW natural gas fired generating station.

  • LS-Nikko Copper Inc. and Korea Resources Corporation in connection with a Master Agreement relating to the acquisition of an interest in Marcobre S.A.C., a Peruvian subsidiary of Chariot Resources Limited.

  • CanAlaska Uranium Ltd. in connection with the establishment of a joint venture with Korea Resources, Hanwha Corporation, Korea Electric Power Corporation and SK Energy Co., Ltd. for the exploration of uranium.

  • Caisse de dépôt et placement du Québec in organizing the corporate structure for the CDP Korea Telecom and Infrastructure Fund, L.P.

  • CAE Inc. in its acquisition of 30% of Korean company Poongnam.

  • Underwriters and agents, as Canadian counsel, on the following offerings:

    • Samsung Life Insurance - global equity offering

    • SK C & C Co., Ltd. - global equity offering

    • Tong Yang Life Insurance Co., Ltd. - global equity offering

    • Korea Zinc Company - secondary sell down

  • Harris v. LG Philips LCD et al. (2007) Ontario, British Columbia and Quebec (acting for defendants in three provinces in proposed class actions alleging price-fixing conspiracy in computer screens).

  • Hyundai Motor Company in an international arbitration concerning truck distribution rights in the United States.

  • The lenders in connection with financing provided to Doosan Infracore Technologies.

  • The investment bank advising Hyundai Motor Finance in connection with a securities offering.

  • Various matters on behalf of Hyundai Marine & Fire Insurance Co. Ltd.

  • Corporate transactions opposite leading Korean businesses such as Hanwha Corporation and SK Energy Co., Ltd.

Our Presence in Asia and the Pacific Rim

For over twenty years, Stikeman Elliott has been the dominant Canadian legal presence in Asia and the Pacific Rim, including South Korea, China, Hong Kong, Japan, India, Australia, New Zealand, Thailand and Singapore. Today, reflecting the position of Canada as a target for rapidly expanding Asian economies and as a significant source of capital, the firm, through its Canadian and Sydney offices, provides advice on a large number of significant transactions from Asia and the Pacific Rim into Canada. Practice leaders of the firm regularly travel throughout the Asia-Pacific region to meet with existing and potential clients and local law firms. Our expertise extends to virtually every area of Canadian business law, particularly mergers and acquisitions, corporate finance, banking, energy (including oil and gas and electricity), renewable energy (including solar, wind, hydro and biomass), taxation, technology, real estate, mining and forestry.

Publications and Articles for our Korean Clients

Stikeman Elliott has a selection of publications and newsletters which provide context on key legal issues. In addition, our firm offers market-leading online resources such as our blog sites, which provides timely information and commentary on a broad range of legal issues and developments.

 
Korea Desk
Toll-Free: (0030) 813-2870
KoreaDesk@stikeman.com

Related Practices
Contacts
Key Contacts

Montréal:
Erik Richer La Flèche

Toronto:
Donald G. Belovich
Jay C. Kellerman
John Lee
Shawn C.D. Neylan
William A. Scott

Calgary:
Keith R. Chatwin
Christopher W. Nixon

Vancouver:
John F. Anderson
Jennifer Honeyman

Ottawa:
Justine M. Whitehead

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