Mr. Byung Chang LEE is a partner at D&A LLC. His practice is primarily focused on Asset Tracing & Recovery and Financial Disputes.
Among his various representative activities, he acted as a legal counsel for the Financial Supervisory Commission in respect to the various types of administrative litigation and sanctions against insolvent savings banks. Additionally, he acted as legal counsel for Emirates(UAE), Lloyd's Register (UK), and Valeo Bayen S.A.S (France) related to asset tracing & recovery cases.
Represented Hanwha Asset Management and KB Bank in a lawsuit against Chinese and Hong Kong entities for the payment of forward premiums based on interest rate parity (IRP) arising from spot and forward exchange rate differentials in private equity investments.
Represented Meritz Securities in multiple damage claims involving alleged mis-selling of various private equity funds, including exhibition and ship investment funds.
Represented Meritz Securities and IBK Securities in litigation involving breaches of financial advisory agreements, involving claims for liquidated damages and compensation.
Represented Kiwoom Securities in a KRW 433.3 billion damages claim against conspirators and nominee account holders involved in the 2023 Youngpoong Paper stock price manipulation case.
Represented Meritz Securities against claims related to investment losses in a private fund-of-funds (FoF) targeting the funds managed by Honua Investment Management.
Represented Former Daewoo Securities in a damage claim regarding false or misleading disclosures in the securities registration statement of China Gaoxian Fibre Fabric Holdings Ltd.
Represented Former Daewoo Securities in litigation involving damages caused by stock price manipulation of ELS underlying assets.
Represented Former Daewoo Securities in the Delta Information Technology stock manipulation case.
Represented NH Investment & Securities in a lawsuit brought by a professional trader who exploited a trading system error for large-scale options trades, involving disputes over the strict liability of financial institutions for computer system malfunctions.
Represented Hana Bank in a claim for return of purchase price based on an alleged breach of disclosure obligations in a non-performing loan (NPL) transaction.
Represented Korea Investment & Securities in a damage claim related to discretionary investment agreements involving Safe Asset Investment Advisory.
Represented Korea Investment & Securities in a claim of punitive liquidated damages due to the intentional interference with the fulfillment of conditions in a financial advisory agreement.
[Financial Advisory Matters]
Advised Kiwoom Securities on multiple TRS transactions involving offshore fund interests as underlying assets.
Advised Kiwoom Securities on the inclusion of self-underwritten or arranged securities into discretionary investment and trust assets.
Advised Kiwoom Securities on the sale of collective investment securities incorporating Redeemable Convertible Preferred Stock (RCPS) structures.
Advised Kiwoom Securities on matters involving credit exposure limits, treasury stock trusts, securitization of underlying assets, and the merger of Daou Technology affiliates.
Advised Kiwoom Securities on limited partner (LP) investments in a Cayman Islands exempted limited partnerships (ELPs).
Advised Kiwoom Securities on potential liability exposure arising from the issuance of derivative-linked securities (DLS) linked to the German Heritage Fund.
Advised Kiwoom Securities on legal issues arising from investment losses in funds managed by Hong Kong-based Gen2 Partners.
Advised the Export-Import Bank of Korea on syndicated loans for Myoung Shin Industry and Simwon Tech’s U.S. manufacturing plant investments.
Advised KDB and KEXIM on loan agreements for Ecoplastic Corporation.
Advised Meritz Capital on affiliates and governance matters under the Act on Corporate Governance of Financial Companies.
Advised Meritz Capital on financing structures involving the issuance of foreign currency private placement bonds by non-financial companies.
Advised Meritz Capital on NPL-backed lending transactions and related legal structuring.
Advised Hyundai Motor Securities on investments in New Technology Business Investment Associations (venture capital funds).
Advised Hyundai Motor Securities on the underwriting of privately placed bonds.
Advised Hyundai Motor Securities on disclosure obligations arising from a spin-off and merger of an affiliate.
Advised Hyundai Motor Securities on trust business licensing conditions following the sale of PF loan receivables.
[Asset Recovery]
Represented Emirates and multinational insurers including ACE American Insurance (U.S.), QBE Corporate Limited (U.K.), Zurich Insurance Public Limited Company (Ireland), and Dubai Islamic Insurance and Reinsurance Company PSC (U.A.E.) in civil and enforcement proceedings in Korea and the United States arising from a KRW 36 billion embezzlement incident at the Emirates Korea office.
Represented Korean-Japanese clients in claims for return of deposits and damage arising from a KRW 67.2 billion embezzlement case involving a former branch manager of Korea Exchange Bank.
Represented Lloyd’s Register in damages litigation and enforcement proceedings arising from a breach of fiduciary duty incident at Lloyd’s Register’s Korea office.
Represented Valeo Systems Thermiques S.A.S. (France) and Valeo Termico S.A.U. (Spain) in royalty disputes with a Korean automotive parts manufacturer.
Represented Valeo Autosystemy Sp. z o.o. (Poland) and Valeo Systèmes d’Essuyage S.A.S. (France) in royalty disputes with a Korean automotive parts manufacturer.
Represented Valeo Bayen S.A.S. (France) in a dispute concerning a shareholders' agreement with a Korean automotive parts manufacturer.
Represented COFACE, a French multinational insurance company, in arbitration proceedings seeking indemnity under a reinsurance contract against Jacinto Color Steel Inc., a Philippine entity.
International Fraud & Asset Tracing 2026 Guide (South Korea), Chambers & Partners, 2026
International Fraud & Asset Tracing 2025 Guide (South Korea), Chambers & Partners, 2025
International Fraud & Asset Tracing 2024 Guide (South Korea), Chambers & Partners, 2024
Recent Virtual Asset Recovery Issues in South Korea, Chambers & Partners, 2023
International Fraud & Asset Tracing 2023 Guide (South Korea), Chambers & Partners, 2023
International Fraud & Asset Tracing 2022 Guide (South Korea), Chambers & Partners, 2022
Fractional Investment and Investment Contract, Mondaq, 2022
Legal Issues in the Search and Seizure of Law Offices, KBA Legislation Research Institute, 2020 (Co-authored)
A Study on Attorney Fees in the United States, KBA Legislation Research Institute, 2018
A Study on the Introduction of a Partnership System between Lawyers and Non-Lawyers, KBA Legislation Research Institute, 2018 (Co-authored)
A Study on Measures to Enhance the Effectiveness of Internal Audits, KBA Legislation Research Institute, 2017 (Co-authored)
A Study on Judges and Prosecutors Entering Private Practice in the U.S., U.K., Germany, and Japan, KBA Legislation Research Institute, 2016 (Co-authored)
A Study on the Appointment and Selection of Judges and Prosecutors in the U.S., U.K., Germany, and Japan, KBA Legislation Research Institute, 2016 (Co-authored)
A Shift in the Korean Banking and Finance Market, Inside the Minds Series, Aspatore, 2011
Issues in KIKO Litigation and Recent Case Law Trends, Legal Times, 2009
[Presentations & Lectures]
Speaker, “Comparison of Multilateral Development Banks Sanctions and Unfair Business Operator Sanctions”, IAKL Criminal Law Session, September 2023
Speaker, “DOs and DON’Ts of Litigation in Offshore Jurisdictions”, C5 Fraud, Asset Tracing and Recovery, Hong Kong, June 2018
Speaker, “Summary of Asset Tracing Issue in Korea”, IAKL Criminal Law Session, September 2017
