Shin & Kim LLC (“Shin & Kim”) received the “Best House Award (Korea Financial Investment Association President Award),” which was awarded during the the First DealSite IB Awards held at the Conrad Seoul Hotel in February. 

The Award was given to Shin & Kim in recognition of its excellent legal advisory services in terms of innovation and investment in the acquisition of Meridian by SD Biosensor and in the sale of SsangYong Motor Company last year. 

Last year, SD Biosensor’s acquisition of Meridian, a Nasdaq-listed company in the United States, drew great attention from the industry as a large deal worth about KRW 1.9 trillion for legal advice alone. In particular, Shin & Kim was highly praised in the “innovation” category for successfully advising on the process of acquiring management control through a reverse-triangular merger.

Moreover, the sale of SsangYong Motor Company worth KRW 1 trillion, in which Shin & Kim provided legal advice last year, was the largest M&A in recent years among deals that went through rehabilitation proceedings. Due to its significant impact on the livelihood of tens of thousands of employees and relevant subcontractors, it received great public attention for its importance. In particular, the deal was very meaningful in that it was the first case of a “limited competitive bidding,” rather than a private contract. Shin & Kim was given the Award in recognition of its legal advice in successfully completing the deal and its contribution to revitalizing the national and regional economy through succession of employment by the acquiring entity.