Shin & Kim advised AIG Global (SIFC Consortium I, L.P. and SIFC Consortium II, L.P. as the sellers), which are unitholders of 5 limited liability companies owning IFC Seoul, with respect to the sale of IFC Seoul in Seoul, Korea.
The transaction was the largest real estate transaction in 2016. To minimize the relevant procedures and expenses for the transaction and close the transaction more effectively, the transaction was conducted by way of sale and purchase of units and unitholder loans instead of real properties. Shin & Kim has advised the sellers from the beginning of the project including leasing the lands and construction of IFC Seoul. In connection with this transaction, Shin & Kim successfully provided legal advice across all stages of the transaction, including conducting legal due diligence, draft of agreements such as sale and purchase agreement, negotiations against the purchaser, execution of other relevant documents, and closing of the transaction.
