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Chiyong RIM Attorney

Chiyong RIM Attorney
Chiyong RIM Attorney

Chiyong RIMAttorney

T.+82-2-3703-1403 F.+82-2-737-9091/9092 E.chiyong.rim@kimchang.com

Related EXPERTISE

Bio

Chiyong Rim is an attorney at Kim & Chang. He practices in a wide range of insolvency and restructuring areas, with a focus on corporate liquidation, mergers and acquisitions in reorganization proceedings, and cross-border insolvency cases.

Throughout his career, Mr. Rim has been actively involved in many high-profile reorganization cases relating to debtors in Korean businesses including banking, construction and other sectors. Mr. Rim represents private equity funds, corporate clients, and both foreign and domestic financial institutions on various reorganization proceedings.

In the Insolvency and Restructuring Practice, Mr. Rim assists clients on a broad range of matters, including providing advice on how to file proofs of claims, how to file a petition for reorganization proceedings, and how to formulate a reorganization plan, as well as assisting foreign creditors solve cross-border insolvency issues.

Mr. Rim also has extensive experience advising clients on issues relating to personal bankruptcy, corporate liquidation, corporate reorganization and workout proceedings, and has utilized this experience to write books on the topic in Korean and English. He has not only authored much literature but also spoken extensively on such issues in a number of international forums such as the IBA, INSOL and International Insolvency Institute. Chambers & Partners in 2014 praised him by stating that “he was noted among peers for his many years” of experience in the field of restructuring and insolvency and cited him as a veteran bankruptcy lawyer.

Prior to joining Kim & Chang, Mr. Rim was at Bae, Kim & Lee for seven years. Mr. Rim also worked at Public Fund Management Committee, covering privatization of banks and auditing the management of public funds. Mr. Rim was a chairperson of the Insolvency Law Review Committee of the Department of Justice amending Debtors Rehabilitation and Bankruptcy Act. He also served as a member of Judiciary Personnel Committee and as a member of Rehabilitation and Bankruptcy Committee in the Supreme Court of Korea.

He has co-authored various publications in English, including “The International Insolvency Review: Korea chapter” (Law Business Research), “Cross-Border Insolvency: Korea chapter” (Globe Law and Business), “Collier’s International Business Insolvency Guide: Korea Chapter” (LexisNexis), "Korean Insolvency System, Norton Annual Survey of Bankruptcy Law 2003” (Thomson West) and “Insolvency Law Reform of Korea: Forum for Asian Insolvency Reform” (OECD). He has published three volumes of “The Study of Bankruptcy Research.”

In recognition of academic excellence for his article entitled “The Study of Hague Service Convention,” Mr. Rim received “The Best Legal Article Award” by the Korea Legal Center in 2000. He has also been listed as a leading lawyer for restructuring and insolvency law in Legal 500, Chambers and Partners, IFLR 1000, and Who's Who Legal and has been recognized in Chambers Asia Pacific as a ”Band 1” lawyer. He regularly teaches Insolvency Law at the Korean Bar Association, Korea Employer's Federation, Judicial Research Training Institute, Korea Productivity Center and law schools. For his meritorious work as a planning director of the Korean Bar Association, he was awarded a prize by the association. He also received a prize from the Ministry of Justice for his dedication to revising the bankruptcy law in 2016.

Mr. Rim received an LL.M. from Duke University School of Law in 1996, and his LL.B. from the Sungkyunkwan University College of Law in 1983. He attended the Judicial Research and Training Institute of the Supreme Court of Korea in 1983. He is admitted to the Korea bar. He testified as an expert witness in the UK in 2011 and was placed on a secondment to Addleshaw Goddard LLP in London for three months in 2014.

Profile

Experience

Chairman, Bankruptcy Law Research and Training Institute, Seoul Bar Association (2017-Present)

Commissioner, 8th Legislation Supporting Committee, National Assembly of Korea (2017-Present)

Commissioner, Steering Committee, Korea Inclusive Finance Agency (2016-Present)

Kim & Chang (2014-Present)

Member, Special Sub-committee for Amendment of the Debtor Rehabilitation and Bankruptcy Act, Legal Advisory Commission (2014-Present)

Commissioner, Judiciary Personnel Committee, National Court Administration (2014-2015)

Commissioner, Rehabilitation and Bankruptcy Committee, National Court Administration (2014-2016)

Secondment to Addleshaw Goddard LLP, London (2014)

Commissioner of Risk Management Deliberation Committee, Korea Asset Management Corporation (KAMCO) (2012-2016)

Chairman, Korea Food & Drug Administration Self-regulatory Commission (2012-Present)

Commissioner, 5th Legislation Supporting Committee, National Assembly of Korea (2011-2013)

Member, Judicial Examination Management Commission (2010-2012)

Member, Bar Examination Management Commission (2010-2012)

Chairperson, Special Sub-committee on Revision of Debtor Rehabilitation and Bankruptcy Act, Advisory Committee on Legal Affairs (2010-2013)

Chair, Planning Committee, Korean Bar Associations (2009-2011)

Member, Legal Education Committee, Ministry of Education, Science and Technology (2009-2011)

Commissioner, Public Fund Oversight Committee (2009-2011)

Member, Special Sub-committee for Amendment of the Debtor Rehabilitation and Bankruptcy Act, Legal Advisory Commission (2009-2010)

Commissioner, Prime Ministers Commission on Administrative Judgement (2008-2014)

Commissioner, Policy Advisory Committee, Supreme Prosecutors’ Office (2008-2010)

Bae, Kim & Lee LLC (2007-2014)

Commissioner, Appraiser Disciplinary Committee, Ministry of Construction and Transportation (2007-2009)

Member, International Insolvency Institute (2005-Present)

Senior Judge, Bankruptcy Division, Seoul Central District Court (2005-2007)

Senior Judge, Seoul Western District Court (2002-2005)

Senior Judge, Daejeon District Court (2000-2002)

Research Judge, Supreme Court of Korea (1998-2000)

Commissioner, Steering Committee on Judicial Assistance and Cooperation, Supreme Court of Korea (1997)

Judge, Seoul High Court of Appeals (1996-1998)

Judge, Seoul Central District Court (1995-1996)

Judge, Seoul Southern District Court (1993-1995)

Judge, Suwon District Court (1989-1993)

Judge, Chungju District Court (1985-1989)

Representative Mattersshow

Corporate Liquidations
 
  • Sold and distributed a debtor company’s assets located in Poland and Uzbekistan as a liquidator. 
  • Managed and sold the assets of a savings and loan bank under the liquidation proceedings. 
 
Corporate Reorganization Proceedings
 
  • Represented major construction and shipping companies and a holding company in reorganization proceedings. 
  • Advised foreign creditors on insolvency law issues relating to reorganization proceedings especially cross-border insolvency issues as well as liquidation proceedings.
  • Advised local clients on legal issues relating to the US bankruptcy law and UK insolvency law.

Representative Activitiesshow

Awards

  • Seoul Bar Association Meritorious Service Award (Seoul Bar Association, 2019) 
  • The A-List: Korea’s Top 100 Lawyers, Asia Business Law Journal (Vantage Asia, 2019) 
  • Highly Regarded, IFLR1000 Financial and Corporate (Euromoney, 2018) 
  • Leading Individual, Chambers Asia-Pacific, Restructuring/Insolvency (Chambers and Partners, 2007-2019) 
  • Who’s Who Legal: Restructuring & Insolvency (Who’s Who Legal, 2017) 
  • Commendation of the Minister of Justice (Ministry of Justice, 2016) 
  • Leading Lawyer, IFLR1000 Financial and Corporate (Euromoney, 2016) 
  • Seoul Bar Association Meritorious Service Award (Korean Bar Association, 2012) 
  • The Best Legal Article Award (Korea Legal Center, 2000)

Publications/Activities
    • Chambers Global Practice Guide – Insolvency: Korea chapter - Law & Practice (Co-author, Chambers and Partners, 2019) 
    • Chambers Global Practice Guides: South Korea chapter, Insolvency (Co-author, Chambers and Partners, 2018) 
    • The Asset Tracing and Recovery Review (Co-author, Law Business Research, 2017) 
    • International Comparative Legal Guide to: Corporate Recovery & Insolvency - Korea chapter (Co-author, Global Legal Group, 2016) 
    • Research on the Bankruptcy Law IV (Excellent Books for the Basic Sciences for 2015, National Academy of Sciences, 2015) (PAKYOUNGSA, 2015) 
    • South Korea, The International Insolvency Review (Law Business Research, 2013) 
    • Research on the Bankruptcy Law III (Excellent Books for the Basic Sciences for 2011, National Academy of Sciences, 2010) (PAKYOUNGSA, 2010) 
    • South Korea, Cross-Border Insolvency (Globe Law and Business, 2009) 
    • Commentary on Judgements Related to Bankruptcy (PAKYOUNGSA, 2007) 
    • Research on the Bankruptcy Law II (PAKYOUNGSA, 2006) 
    • Research on the Bankruptcy Law (PAKYOUNGSA, 2006) 
    • Korean Insolvency System, Norton Annual Survey of Bankruptcy Law (THOMSON WEST, 2003) 
    • Korean Insolvency System, Collier International Business Insolvency Guide (Vol 3) (LexisNexis, 2002) 

Education

    Duke Law School (LL.M., 1996)

    Judicial Research and Training Institute of the Supreme Court of Korea (1984)

    College of Law, Sungkyunkwan University (LL.B., 1983)

Qualifications

    Admitted to bar, Korea, 1984

Languages

Korean, English and Japanese

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Chiyong RIM
Attorney


T. +82-2-3703-1403      
F. +82-2-737-9091/9092
     


  




Chiyong Rim is an attorney at Kim & Chang. He practices in a wide range of insolvency and restructuring areas, with a focus on corporate liquidation, mergers and acquisitions in reorganization proceedings, and cross-border insolvency cases.

Throughout his career, Mr. Rim has been actively involved in many high-profile reorganization cases relating to debtors in Korean businesses including banking, construction and other sectors. Mr. Rim represents private equity funds, corporate clients, and both foreign and domestic financial institutions on various reorganization proceedings.

In the Insolvency and Restructuring Practice, Mr. Rim assists clients on a broad range of matters, including providing advice on how to file proofs of claims, how to file a petition for reorganization proceedings, and how to formulate a reorganization plan, as well as assisting foreign creditors solve cross-border insolvency issues.

Mr. Rim also has extensive experience advising clients on issues relating to personal bankruptcy, corporate liquidation, corporate reorganization and workout proceedings, and has utilized this experience to write books on the topic in Korean and English. He has not only authored much literature but also spoken extensively on such issues in a number of international forums such as the IBA, INSOL and International Insolvency Institute. Chambers & Partners in 2014 praised him by stating that “he was noted among peers for his many years” of experience in the field of restructuring and insolvency and cited him as a veteran bankruptcy lawyer.

Prior to joining Kim & Chang, Mr. Rim was at Bae, Kim & Lee for seven years. Mr. Rim also worked at Public Fund Management Committee, covering privatization of banks and auditing the management of public funds. Mr. Rim was a chairperson of the Insolvency Law Review Committee of the Department of Justice amending Debtors Rehabilitation and Bankruptcy Act. He also served as a member of Judiciary Personnel Committee and as a member of Rehabilitation and Bankruptcy Committee in the Supreme Court of Korea.

He has co-authored various publications in English, including “The International Insolvency Review: Korea chapter” (Law Business Research), “Cross-Border Insolvency: Korea chapter” (Globe Law and Business), “Collier’s International Business Insolvency Guide: Korea Chapter” (LexisNexis), "Korean Insolvency System, Norton Annual Survey of Bankruptcy Law 2003” (Thomson West) and “Insolvency Law Reform of Korea: Forum for Asian Insolvency Reform” (OECD). He has published three volumes of “The Study of Bankruptcy Research.”

In recognition of academic excellence for his article entitled “The Study of Hague Service Convention,” Mr. Rim received “The Best Legal Article Award” by the Korea Legal Center in 2000. He has also been listed as a leading lawyer for restructuring and insolvency law in Legal 500, Chambers and Partners, IFLR 1000, and Who's Who Legal and has been recognized in Chambers Asia Pacific as a ”Band 1” lawyer. He regularly teaches Insolvency Law at the Korean Bar Association, Korea Employer's Federation, Judicial Research Training Institute, Korea Productivity Center and law schools. For his meritorious work as a planning director of the Korean Bar Association, he was awarded a prize by the association. He also received a prize from the Ministry of Justice for his dedication to revising the bankruptcy law in 2016.

Mr. Rim received an LL.M. from Duke University School of Law in 1996, and his LL.B. from the Sungkyunkwan University College of Law in 1983. He attended the Judicial Research and Training Institute of the Supreme Court of Korea in 1983. He is admitted to the Korea bar. He testified as an expert witness in the UK in 2011 and was placed on a secondment to Addleshaw Goddard LLP in London for three months in 2014.






    Chairman, Bankruptcy Law Research and Training Institute, Seoul Bar Association (2017-Present)

    Commissioner, 8th Legislation Supporting Committee, National Assembly of Korea (2017-Present)

    Commissioner, Steering Committee, Korea Inclusive Finance Agency (2016-Present)

    Kim & Chang (2014-Present)

    Member, Special Sub-committee for Amendment of the Debtor Rehabilitation and Bankruptcy Act, Legal Advisory Commission (2014-Present)

    Commissioner, Judiciary Personnel Committee, National Court Administration (2014-2015)

    Commissioner, Rehabilitation and Bankruptcy Committee, National Court Administration (2014-2016)

    Secondment to Addleshaw Goddard LLP, London (2014)

    Commissioner of Risk Management Deliberation Committee, Korea Asset Management Corporation (KAMCO) (2012-2016)

    Chairman, Korea Food & Drug Administration Self-regulatory Commission (2012-Present)

    Commissioner, 5th Legislation Supporting Committee, National Assembly of Korea (2011-2013)

    Member, Judicial Examination Management Commission (2010-2012)

    Member, Bar Examination Management Commission (2010-2012)

    Chairperson, Special Sub-committee on Revision of Debtor Rehabilitation and Bankruptcy Act, Advisory Committee on Legal Affairs (2010-2013)

    Chair, Planning Committee, Korean Bar Associations (2009-2011)

    Member, Legal Education Committee, Ministry of Education, Science and Technology (2009-2011)

    Commissioner, Public Fund Oversight Committee (2009-2011)

    Member, Special Sub-committee for Amendment of the Debtor Rehabilitation and Bankruptcy Act, Legal Advisory Commission (2009-2010)

    Commissioner, Prime Ministers Commission on Administrative Judgement (2008-2014)

    Commissioner, Policy Advisory Committee, Supreme Prosecutors’ Office (2008-2010)

    Bae, Kim & Lee LLC (2007-2014)

    Commissioner, Appraiser Disciplinary Committee, Ministry of Construction and Transportation (2007-2009)

    Member, International Insolvency Institute (2005-Present)

    Senior Judge, Bankruptcy Division, Seoul Central District Court (2005-2007)

    Senior Judge, Seoul Western District Court (2002-2005)

    Senior Judge, Daejeon District Court (2000-2002)

    Research Judge, Supreme Court of Korea (1998-2000)

    Commissioner, Steering Committee on Judicial Assistance and Cooperation, Supreme Court of Korea (1997)

    Judge, Seoul High Court of Appeals (1996-1998)

    Judge, Seoul Central District Court (1995-1996)

    Judge, Seoul Southern District Court (1993-1995)

    Judge, Suwon District Court (1989-1993)

    Judge, Chungju District Court (1985-1989)






Corporate Liquidations
 
  •   Sold and distributed a debtor company’s assets located in Poland and Uzbekistan as a liquidator. 
  •   Managed and sold the assets of a savings and loan bank under the liquidation proceedings. 
 
Corporate Reorganization Proceedings
 
  •   Represented major construction and shipping companies and a holding company in reorganization proceedings. 
  •   Advised foreign creditors on insolvency law issues relating to reorganization proceedings especially cross-border insolvency issues as well as liquidation proceedings.
  •   Advised local clients on legal issues relating to the US bankruptcy law and UK insolvency law.





Awards

  •   Seoul Bar Association Meritorious Service Award (Seoul Bar Association, 2019) 
  •   The A-List: Korea’s Top 100 Lawyers, Asia Business Law Journal (Vantage Asia, 2019) 
  •   Highly Regarded, IFLR1000 Financial and Corporate (Euromoney, 2018) 
  •   Leading Individual, Chambers Asia-Pacific, Restructuring/Insolvency (Chambers and Partners, 2007-2019) 
  •   Who’s Who Legal: Restructuring & Insolvency (Who’s Who Legal, 2017) 
  •   Commendation of the Minister of Justice (Ministry of Justice, 2016) 
  •   Leading Lawyer, IFLR1000 Financial and Corporate (Euromoney, 2016) 
  •   Seoul Bar Association Meritorious Service Award (Korean Bar Association, 2012) 
  •   The Best Legal Article Award (Korea Legal Center, 2000)

Publications/Activities

  •   Chambers Global Practice Guide – Insolvency: Korea chapter - Law & Practice (Co-author, Chambers and Partners, 2019) 
  •   Chambers Global Practice Guides: South Korea chapter, Insolvency (Co-author, Chambers and Partners, 2018) 
  •   The Asset Tracing and Recovery Review (Co-author, Law Business Research, 2017) 
  •   International Comparative Legal Guide to: Corporate Recovery & Insolvency - Korea chapter (Co-author, Global Legal Group, 2016) 
  •   Research on the Bankruptcy Law IV (Excellent Books for the Basic Sciences for 2015, National Academy of Sciences, 2015) (PAKYOUNGSA, 2015) 
  •   South Korea, The International Insolvency Review (Law Business Research, 2013) 
  •   Research on the Bankruptcy Law III (Excellent Books for the Basic Sciences for 2011, National Academy of Sciences, 2010) (PAKYOUNGSA, 2010) 
  •   South Korea, Cross-Border Insolvency (Globe Law and Business, 2009) 
  •   Commentary on Judgements Related to Bankruptcy (PAKYOUNGSA, 2007) 
  •   Research on the Bankruptcy Law II (PAKYOUNGSA, 2006) 
  •   Research on the Bankruptcy Law (PAKYOUNGSA, 2006) 
  •   Korean Insolvency System, Norton Annual Survey of Bankruptcy Law (THOMSON WEST, 2003) 
  •   Korean Insolvency System, Collier International Business Insolvency Guide (Vol 3) (LexisNexis, 2002) 





Education

    Duke Law School (LL.M., 1996)

    Judicial Research and Training Institute of the Supreme Court of Korea (1984)

    College of Law, Sungkyunkwan University (LL.B., 1983)


Qualifications

    Admitted to bar, Korea, 1984


Languages
  •    Korean, English and Japanese





Insolvency & Restructuring Litigation ,  Insolvency & Restructuring ,  Litigation