Advised IRVINE, Inc. on Its Sale of iOBED Inc.’s Equity Interest to Coway Co., Ltd.
2021.04.07.
Yulchon successfully represented IRVINE, Inc. in its sale of 100% equity interests in iOBED Inc. to Coway co., ltd.
This transaction involved the incorporation of iOBED Inc. by the split-off of Irvine’s mattress supply business and the sale of 100% equity interests in iOBED to Coway. The key to this transaction was to reach an agreement on matters related to ongoing business cooperation between the parties.
Yulchon offered comprehensive legal services on a variety of issues in this transaction, including structuring the spin-off, drafting and negotiating the share purchase agreement and other agreements associated with the sale, and negotiating numerous commercial and legal issues that arose, culminating in the successful closing of the transaction.
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