바카라사이트 순위

1. Overview of the Case

The 바카라사이트 순위 company decided to issue CBs and BWs in the amount of 210 billion won to promote and invest in new businesses. However, an investor failed to make the payment. The 바카라사이트 순위 disclosed the change of investors and the change in the purpose of use of the funds. The 바카라사이트 순위 was forced to withdraw the issuance of CBs and BWs after consultation with the Financial Supervisory Service and the Korea Exchange due to the unexpected filing of a lawsuit for a management rights dispute (3 withdrawals of CB issuance decisions and 4 withdrawals of BW issuance decisions).

In addition, the petitioner unilaterally submitted a motion to withdraw the lawsuit in the middle of the management rights dispute litigation. The court proceeded with automatic service of process and notified the legal counsel. The 바카라사이트 순위 was late in disclosing the "Judgment and Decision on Litigation (Invalidation of Rights Issue)".

The 바카라사이트 순위 appointed another law firm to handle the delisting process, and then asked us for further advice.

Under the leadership of the head of the Delisting TF at the firm, who is also a member of the Listing Disclosure Committee of the Korea Exchange Securities Market, we provided the following advice to the 바카라사이트 순위:
(1) Regarding disclosure reversals, the 바카라사이트 순위 made its best efforts to pay for the subscription of CBs and BWs even in the event that existing investors were unable to pay; withdrawal of the issuance of CBs and BWs was the most reasonable decision in accordance with the guidelines of the Financial Supervisory Service; and the three withdrawals of CB issuance decisions and the four withdrawals of BW issuance decisions are similar and connected disclosures, so it would be harsh to impose penalty points individually.(2) Regarding the failure to disclose, while emphasizing the fault of the legal counsel, we wrote an additional opinion stating that the 바카라사이트 순위 who did not receive the notice could not take any action and was therefore not culpable (there was no intentional gross negligence). This opinion letter was submitted to the department in charge at the Korea Exchange. We advised the 바카라사이트 순위 to appear and speak truthfully before the KOSDAQ Corporate Review Committee.

As a result of our additional opinion letter being submitted to the Korea Exchange, the 바카라사이트 순위's representatives made a sincere plea of innocence and received a penalty of 14.5 points for disclosure reversals and failure to disclose. The 바카라사이트 순위 was able to avoid the delisting penalty by 0.5 points. - In order to protect investors and restore market integrity, KOSDAQ has very strict standards for restatements and failures to disclose, and uses external members with specialized expertise to decide whether to impose penalty points or delist. In this case, the 바카라사이트 순위 was able to avoid delisting by seeking advice from a law firm with special expertise in addition to a law firm taking care of documentation.

□ Attorney in charge : Cho Jae-bin