Mr. Jaesung (Jason) Park is a foreign attorney at International Practice Group in DR & AJU LLC. His practice is primarily focused on International Transaction, Corporate Law, Foreign Investments (In-Bound & Out-Bound), International Arbitration & Litigation, Africa & Middle East, Energy & Infrastructure, Shipbuilding, and IT (Information Technology).
Prior to joining DR & AJU LLC, he worked as an in-house lawyer for over 10 years for a number of major Korean corporations focusing on various cross-border transactions and disputes. He claims to be a contract specialist as he has an extensive coverage of contract review, highly proficient in drafting and negotiating various forms/types of agreement, and his specialties are in the areas of international construction, energy, oil & gas, and shipbuilding business.
After joining DR & AJU LLC, in addition to the Korean companies, Mr. Park has been advising also foreign companies in various corporate and legal matters affecting their business operations in Korea. Through this diverse range of practice areas, he has enabled himself to be thoroughly conscious of the client needs for the legal work involving both the inbound and outbound side of any cross-border activities. He is diligent, consistent, responsive and very detail-oriented, and with such qualities, coupled with his first-hand experience of inhouse legal work, he is able to deliver premium legal services, custom-tailored to the specific needs of the clients.
Cross-Border Investments and Financing Transactions
- Advised a foreign individual on the acquisition of a stake in a Korean company, including work on due diligence, share purchase agreement, shareholders' agreement, and foreign direct investment filings.
- Advised an Italian fabric/clothing company on the acquisition of assets of a Korean company (asset transfer agreement).
- Advised an Italian cosmetics company on the establishment of a joint venture in Korea, including work on related filings and contracts.
- Advised a Singaporean F&B company for the acquisition of a restaurant in Korea - conducting due diligence for the asset transfer and drafting/negotiating relevant contracts (asset purchase agreement, lease agreement, etc.).
- Represented a Korean bank in preparing and executing a syndicated loan facility transaction with a U.S. subsidiary of a Korean company acting as borrower and advising on conditions precedent (CP documents).
Construction/Shipbuilding/Aviation/Real Estate Development
- Advised a domestic construction company on its real estate development project (PF-based) in New Zealand.
- Reviewed and negotiated a wind turbine supply agreement (TSA) with a Danish company on behalf of a Korean construction company (for a wind-farm project in Korea).
- Advised a domestic airline on the review/negotiation of an aircraft operating lease agreement against an Irish aircraft lessor and handled all related CP document work.
- Reviewed and negotiated various aircraft-related agreements (equipment supply/maintenance contracts, lease novation, and other service contracts) on behalf of a domestic airline.
- Represented domestic construction companies in the review and negotiation of construction contracts based on FIDIC and other forms (such as those used by various state-owned enterprises (e.g. Aramco)).
- Advised a domestic shipbuilder on the review and negotiation of various shipbuilding contracts (SAJ Form, BIMCO, and other bespoke forms used by shipowners).
- Advised a domestic shipbuilder in relation to international tender for large-scale offshore EPC projects, including the review and negotiation of various forms of contracts (standard EPC, JV, consortium, subcontracts, etc. employed by major oil & gas industry players – Total, Chevron, BP, Technip, Saipem, Petronas, etc.).
Claims and Disputes
- Represented and advised Korean construction companies in handling various tasks during the claim-dispute-settlement process of overseas projects (managing all external correspondence, drafting meeting minutes, claim letters, and negotiating settlement agreements).
- Provided site-level hands-on support for a Korean construction company’s two projects in North Africa (managing ICC arbitration case in Geneva against the owner of an Algerian fertilizer plant and negotiating delay liquidated damages against the project owner for a Moroccan power plant project).
- Represented a Korean construction company in a dispute (ad-hoc arbitration seated in Singapore) against an Indian gas/petrochemical company.
- Managed London ICC arbitration/mediation for a Korean shipbuilder against a Canadian supplier of ship bearings/seals.
- Represented a Korean shipbuilder on patent infringement dispute against German supplier of ship rudders and negotiated cross-license settlement agreement.
- Represented a Korean shipbuilder in ad-hoc/LMAA London arbitration against a French supplier of LNG reliquefaction system.
- Managed Hague NAI arbitration against Dutch owner of offshore pipelaying vessel on behalf of a Korean shipbuilder.
Other Matters
- Advised on US sanctions against Russia, Iran, and Myanmar for Korean companies (IT, construction, and trading) in relation to their overseas operations.
- Represented a Singaporean company in the KFTC (Fair Trade Commission) proceedings in connection with the review/evaluation of the terms and conditions of the corporate standard contracts.
- Advised a domestic company in relation to the submission of advance ruling requests for country-of-origin determinations to the US Customs and Border Protection (CBO) on their export goods containing components and materials sourced from China (subject to US trade law Section 301 tariff).
