Jiwoong Lim is a partner and a co-head of International Litigation Group. He has been advising prominent domestic and foreign clients in connection with various domestic and cross-border disputes. He was previously a transactional lawyer for the first 10 years of his career in the areas of capital markets, derivatives, structured finance, asset management, mergers and acquisition of financial institutions, financial compliance, insolvency and restructuring before becoming a judge in Korea. While serving on the bench for several years, Mr. Lim was engaged in deliberating and making judgments on civil, criminal and administrative cases in Korean courts. After joining Lee & Ko, Mr. Lim has focused his practice in the area of dispute resolution such as litigation (and arbitration) in connection with international business transactions and other financial transactions.
With his uniquely combined expertise in various business transactions (in connection with corporate, banking and finance, insolvency and restructuring, etc.) and other related disputes, together with his judicial experience in Korea, Mr. Lim handles some of the most complex disputes in Korea for foreign clients as well as cross-border litigation in foreign jurisdictions for leading Korean companies.
Representative Cases
- Represented a US solar power company in a lawsuit against a Korean solar panel supplier regarding a panel supply agreement
- Represented a global resort group in a lawsuit seeking damages for customer deaths that occurred at an overseas resort
- Represented a US heat exchanger / boiler installation supplier in a dispute relating to installation supply and defect repair
- Represented a German broadcasting / performance planning company in a lawsuit against a Korean performance planner for violation of an exclusive business agreement
- Represented a global automobile company in a lawsuit involving violations of the Fair Trade Act by Korean dealers
- Represented a global reinsurance company and airline in a lawsuit seeking damages for delayed flight departure
- Represented a Korean shipbuilding company in a dispute regarding breach of a shipbuilding supply contract among Chinese shipbuilding companies
- Represented a Chinese listed company in a dispute with a Korean company regarding breach of a JV agreement
- Represented a lawsuit claiming damages for breach of duty to cooperate with due diligence according to an acquisition agreement by which a Korean PEF sought to acquire a Chinese company.
- Handled a cancellation action for suspension of business for violation of Korea's Clean Air Conservation Act on behalf of a global construction equipment manufacturer
- Handled lawsuit defending the management rights of Korea's H Group
- Handled action seeking damages for poor management of funds by Korean financial institutions S and W
- Handled action claiming damages relating to FX Margin transactions between foreign financial institution F and domestic investors
- Handled injunction and lawsuit relating to an encryption technology contract between foreign company N and Korean company S
- Handled action regarding sale of non-performing loan between H Capital and O Capital
- Handled KIKO litigation
- Handled action seeking damages in connection to equity-linked securities (ESL) issued by Company D
- Handled lawsuit for damages regarding investment trust incorporating NPL, such as Daewoo Group bonds by Korean financial institution H
- Handled other numerous actions relating to finance, torts, and breach of contract
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Education
2005 |
Stanford University of Law (LL.M) |
1998 |
Judicial Research & Training Institute, Supreme Court of Korea |
1996 |
Seoul National University college of law |
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Work Experience
2018-Present |
Lee & Ko |
2016-2018 |
Chief Judge, Cheonan Court of Deajeon District Court |
2014-2016 |
Judge, Busan High Court (Changwon Division): |
2012-2014 |
Judge, Changwon District Court |
2001-2011 |
Partner, Yulchon |
2010-2011 |
Member, Grievance Mediation Committee under the Korea Financial Investment Association |
2006-2008 |
Member, Legislation Task Force under the Financial Services Commission in connection with Capital Markets and Financial Investment Business Act: |
2005-2006 |
Secondee, Orrick, Herrington &Sutcliffe, Tokyo Office |
2003-2005 |
Member, Legislation Task Force under the Ministry of Finance and Economy, Asset Management Business Association in connection with Indirect Investment Asset Management Business Act |
1998-2001 |
Judge Advocate, Republic of Korea Air Force |
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Admissions
1998 |
Admitted to bar, Korea |
2008 |
Admitted to bar, New York |
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Awards and Recognitions
2024 |
IFLR1000 2024 Edition 'Highly regarded’ (Restructuring and insolvency) |
2024 |
Benchmark Litigation Asia-Pacific 'Litigation Star' (Insolvency) |
2009, 2010 |
Chambers and Partners ,Leading Lawyer (Restructuring and insolvency) |
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Publications / Presentations / ETC
- Russian Court's Judgment Recognized for Enforcement in Korea (Legal500 Asia Pacific, 2019)
- 'Legal Issues on ARS linked ELS (BFL, Center for Financial Law at Seoul National University, 2016)
- A practical Cross-border Insight into Corporate Recovery and Insolvency Work, Korean Chapter (ICLG, 2010)
- Validity and Scope of Bankruptcy Invalidation Provision
- Analysis on English and U.S. Court's Decisions on the Validity of Flip-In Clause (Korean Journal of Insolvency Law, 2010)
- Legal Validity and Enforceability of Guarantee between Affiliates (BFL, 2009)
- Reexamination of the Academic Debates on the Shareholder Proposal Rule in the Context of Shareholder Activism (Stanford Law School LL.M. thesis, 2005)
- Trustee's Avoiding Power against the Foreclosure of Security Interest: Research on Court Precedent (Seoul Bar Association, 2004)
- Issues on Financial Regulations on Equity-Linked Products (BFL, 2003)
- ISDA Documentation, Korean Risk Management Specialist Association (2008-2011)
- Analysis on English and U.S. Court's Decisions on the Validity of Flip-In Clause and Korean Legal Implication after the Bankruptcy of Lehman Brothers, Insolvency Law Institute of Korea (2010)
- ISDA Master Agreement, Seoul National University Financial Law Lecture Course (2010)
- The Legal Status of Administrator under the Korean Insolvency Law, Korea-China -Japan Insolvency Law Symposium (2010)
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