[Finance]Legal counsel for the establishment process of a venture investment association for the formation of a venture capital's biotech fund.

23 Feb 2024



Law firm SYU's attorney, Choi Jihyun, provided legal review and advisory services regarding the procedural and substantive legality of establishing a venture investment association for Venture Capital Company A, serving as the general partner (GP) with the remaining seven institutions as limited partners (LP).


In particular, during the drafting of the investment partnership agreement between the GP and LPs, thorough scrutiny was applied to ensure compliance with the "Act on the Promotion of Venture Investment" and other relevant laws, thereby minimizing potential legal risks that may arise in the future.


Furthermore, examination was conducted to determine whether the internal rate of return and hurdle rate for profit distribution among the parties were appropriately set, and whether the criteria for performance-based compensation were reasonable and compliant with legal standards, ultimately aiming to maximize the client's interests while adhering to lawful procedures.

법률사무소 사유

서울 서초구 강남대로 210 9층 법률사무소 사유

(양재동, 행복빌딩)

지하철 3호선, 신분당선 양재역 8번 출구

사업자등록번호 : 168-27-01317

대표전화 : 02-6956-4662

팩스 : 02-6956-4663

이메일 : admin@sayulaw.com


+82-2-6956-4662

Monday to Friday

09:00 ~ 18:00

Visits are by appointment only.
If you make a reservation in advance, consultations are available on weekends and holidays.
Directions9th floor, 210 Gangnam-daero, Seocho-gu, Seoul Special City (Yangjae-dong, Happy Building)


Law firm SAYU | 9th floor, 210 Gangnam-daero, Seocho-gu, Seoul Special City (Yangjae-dong, Happy Building)

Business registration number: 168-27-01317 | Phone number: 02)6956-4662 | Fax number: 02)6956-4663 | Email: admin@sayulaw.com

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