Lee & Ko has also acted as Korean counsel to NASDAQ-listed Sterling Financial Corporation, a bank holding company organised under the laws of the State of Washington, in respect of its recapitalisation plan to raise about USD730 Million in order to bolster its capital footing. The recapitalisation took the form of privately placing convertible participating voting preferred stock and common stock with institutional investors in Korea, the US and elsewhere in the world. Partners WonKyu Han and Je Won Lee led the firm’s advisory team.