Reconstruction and redevelopment projects are core urban improvement projects under the Act on the Improvement of Urban Areas and Residential Environments, aimed at improving urban environments and efficiently ameliorating dilapidated and substandard structures. In light of their scale, profitability, and public significance, such projects constitute an area of substantial economic and social importance.
Lee & Ko provides comprehensive legal services throughout the entire lifecycle of numerous reconstruction and redevelopment projects, ranging from the organization of promoters’ committees to project settlement and liquidation procedures.
Lee & Ko’s Urban Renewal & Redevelopment Team advises on and represents clients in litigation involving a wide range of legal disputes arising throughout the course of urban improvement projects, including the designation of improvement zones and formulation of improvement plans, organization of promoters’ committees and establishment of associations, project planning, financing, selection of construction contractors, formulation of management and disposition plans, sales and allocation procedures, completion and public notice of transfer, and liquidation procedures.
Drawing upon extensive experience accumulated over many years, Lee & Ko has established an unparalleled reputation in this field, distinguished both by the breadth of its experience and the excellence of its legal services.
Expertise
- Legal advisory and consulting services relating to all aspects of urban improvement projects
- Advisory services and litigation relating to administrative dispositions concerning urban improvement projects, including authorization to establish associations
- Advisory services and litigation relating to bidding procedures, including the selection of construction contractors
- Advisory services regarding the formulation of project implementation plans and management and disposition plans, and representation in related disputes
- Advisory services and litigation relating to disputes concerning qualification and status of association members and owners of plots of land or structures
- Representation in contract-related disputes, including disputes concerning increases in construction costs
- Representation in disputes relating to resolutions of general meetings, boards of directors, and representatives’ meetings
- Advisory services relating to disputes concerning appraisal and calculation of compensation
- Representation in administrative and civil litigation relating to urban improvement projects
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