[Uncertainty risks from the Middle East] Daeryun-SJKP ‘Global TF’ in operation… Focus on localized risk management

Focus on corporate needs, maintaining existing business, and risk management

“Presenting a strategy based on experience in arbitration, litigation, and asset execution”

As geopolitical tensions between the United States and Iran are increasing and uncertainty in the global economy is deepening, Daeryun Law Firm has joined hands with SJKP, a local law firm in the United States, to establish an all-round response system. The two companies plan to form a 'global complex crisis response task force' that includes the risk of war with Iran, and provide practical services that go beyond simple advice to actual dispute resolution and execution.

In order to respond to this situation, Daeryun brought American lawyers with brilliant experience to the forefront. Led by Son Dong-hoo, an American lawyer with more than 10 years of litigation experience, Won Won-yeon, an American lawyer who has performed large-scale international commercial arbitration and ISDS (investor-state dispute resolution) at large domestic law firms such as Kim & Chang, Gwangjang, and Sejong, joined.

Here, attorney James Meaney with 20 years of practical experience, attorney Bryce Robbins, an expert in criminal risk and trade regulation, and attorney Dominica Peco, a former assistant prosecutor at the Brooklyn District Attorney's Office and well-versed in marine insurance disputes, are lending their support. SJKP, a partner law firm, has unrivaled practical capabilities in the fields of cross-border (cross-border transaction) disputes, force majeure clause interpretation, and maritime transportation, so synergy between the two companies is expected.

Daeryun and SJKP analyzed that the needs of companies have recently been focused on ‘maintaining existing businesses’ and ‘risk management’ rather than new investments. As high oil prices and supply chain instability prolong, issues directly related to survival, such as corporate restructuring, workforce reduction, and bankruptcy, are frequently occurring.

What is particularly noteworthy is that the demand for ‘compulsory execution’ procedures, such as seizure or lien execution to recover debt, is rapidly increasing. The two companies not only review the application of force majeure in cases of non-compliance with contracts due to geopolitical variables, but also deal with sanctions (IEEPA) and export control issues. The core strategy of this task force is to respond comprehensively, going beyond simple legal interpretation to tracking overseas assets and actual execution.

It also provides detailed guidance on maritime transportation disruptions and insurance disputes that may arise due to tensions in the Strait of Hormuz. As the battle over who is responsible for transportation delays and cargo losses is expected to intensify, we plan to provide international dispute resolution solutions that go beyond the laws of a single country.

A Daeryun official said, "In times of global economic crisis, there are increasing cases where conflicts of interest between companies lead to hostile takeovers or M&A disputes. Based on our experience in integrated response encompassing not only arbitration and litigation but also asset execution, we will present strategies focused on solving real problems to help companies overcome the wave of uncertainty."

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[Uncertainty risks from the Middle East] Daeryun-SJKP 'Global TF' in operation... Focus on locally-oriented risk management (link)