Recently, there were multiple cases where companies operating a golf course did not return membership fees to its members due to their financial conditions. In June 2014, Lee & Ko’s Insolvency and Restructuring Practice Group represented the membership fee creditors and applied for commencement of a rehabilitation proceeding against Company C (company operating the golf course). During the proceeding, the president of the golf course was charged for embezzlement and breach of trust. In order to have the court appoint a third party administrator and have the rehabilitation proceeding under the membership fee creditors’ lead, Lee and Ko’s Insolvency and Restructuring Practice Group has been providing a comprehensive legal service including preparation of the rehabilitation plan.