Insolvency·Rehabilitation
"In moments of crisis, we protect management rights, separate joint and several guarantees, and block criminal risks. MAST stands by the CEO until the very end."
Practice Overview
01. Corporate Rehabilitation
Corporate Insolvency must be proactively prepared and executed. If sales and operating profits are being generated but a liquidity crisis is anticipated due to excessive financial costs, accumulated accounts receivable from clients, or unexpected provisional attachments and compulsory enforcement, corporate rehabilitation procedures must be prepared and proactively addressed from that very moment to turn the company around.
02. Bankruptcy·CEO Protection
When a company is deemed unsustainable, it is necessary to legally extinguish corporate debt through court-led bankruptcy proceedings and separate the CEO's personal joint and several guarantee liability and criminal risks. Mere business closure leaves legal liabilities intact, leading to the worst outcomes such as a barrage of lawsuits from creditors, civil lawsuits and criminal complaints against the representative personally, and joint and several tax liability for controlling shareholders.
03. Confidentiality·Speed
Corporate insolvency, once publicly known, simultaneously triggers the departure of business partners and creditor attachments. The speed of initial response and confidentiality are crucial to the outcome. MAST ensures strict confidentiality of all consultations, and partner attorneys directly review cases immediately upon submission.
04. Financial Expertise·Startup Synergy
MAST comprises a team of attorneys who passed the Korean Bar Examination and Judicial Research and Training Institute, and Certified Public Accountants (CPAs) from major accounting firms. Together, they conduct precise diagnoses of corporate financial structures and provide one-stop services from court prepayment calculation, rehabilitation plan drafting, creditor meeting responses, to post-approval M&A. With over 10 years of experience providing legal advice to startups and innovative companies, MAST possesses an exceptionally accurate understanding of the structure of venture capital (VC) investment agreements (RCPS) and the onerous clauses in shareholders' agreements.
Detailed Services
Explore our specialized legal practices for corporate recovery.
Corporate Restructuring
Turn operational crises into turnaround opportunities. We design comprehensive business reorganization and debt-to-equity restructuring models.
Corporate Bankruptcy
Secure a legal and clean corporate exit. We meticulously manage liquidations to extinguish liabilities and isolate executive risks.