“Securities Acquisition Declaration – This must be done correctly depending on the type of 바카라 조작 exchange transaction.”

Law Office Inpyeong has been successfully advising and representing 바카라 조작 non-residents on the procedures and regulations for acquiring unlisted shares or convertible bonds of Korean domestic corporations, as well as reporting and registration.

Today, we will summarise the most frequently asked questions on the acquisition of securities by 바카라 조작 non-residents.

Question) What is the procedure for a 바카라 조작 non-resident to acquire unlisted shares or convertible bonds of a domestic company?

Answer)If a 바카라 조작 non-resident wishes to acquire unlisted or unregistered shares or interests of a domestic corporation in Korea, different procedures must be followed depending on the percentage of shares that the 바카라 조작 non-resident is acquiring.

If a 바카라 조작 non-resident acquires 10% or more of the unlisted shares of a domestic corporation, and the acquisition constitutes a 바카라 조작 investment under the 바카라 조작 Investment Promotion Act, a 바카라 조작 investment report must be filed under the 바카라 조작 Investment Promotion Act.

In this case, no notification procedure under the 바카라 조작 Exchange Transaction Regulations is required.

If a 바카라 조작 non-resident acquires unlisted shares of a domestic corporation from a resident for the purpose of investment as defined in the 바카라 조작 Investment Promotion Act, but does not qualify as a 바카라 조작 investment as defined in the 바카라 조작 Investment Promotion Act, the acquisition must be notified to the 바카라 조작 exchange bank in accordance with the 바카라 조작 Exchange Transaction Regulations. However, if a 바카라 조작 non-resident acquires bonds other than stocks or shares of a domestic corporation off-market, he or she must report the acquisition to the Bank of Korea.

If you are a non-resident who has converted a monetary receivable under a loan agreement into an equity investment, The reason for the acquisition of the securities must include a detailed description of the offset against the debt, and the accompanying securities purchase agreement must contain a set-off clause. In this case, instead of a separate setoff agreement, it can be reported as a reason letter or a securities purchase agreement containing the setoff details, and additional documents such as separate sales report materials may be required depending on the case.

The filing procedures and documentation required for non-resident acquisition of unlisted shares or convertible securities can vary in each case, making it difficult for individuals to determine where and how to file.

At Inpyeong Law Firm, our lawyers with more than 15 years of experience in financial matters directly consult with clients and provide legal advice tailored to each case, as well as filing and agency services. Please feel free to contact us as we have experience and know-how in various cases of 바카라 조작 exchange transaction reporting, securities acquisition reporting, and overseas investment reporting.

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