Biography
Chiyong Rim is an attorney at Kim & Chang. He practices in a wide range of insolvency and restructuring areas, with a focus on corporate liquidation, mergers and acquisitions in reorganization proceedings, and cross-border insolvency cases.
Throughout his career, Mr. Rim has been actively involved in many high-profile reorganization cases relating to debtors in Korean businesses including banking, construction and other sectors. Mr. Rim represents private equity funds, corporate clients, and both foreign and domestic financial institutions on various reorganization proceedings.
In the Insolvency & Restructuring Practice, Mr. Rim assists clients on a broad range of matters, including providing advice on how to file proofs of claims, how to file a petition for reorganization proceedings, and how to formulate a reorganization plan, as well as assisting foreign creditors solve cross-border insolvency issues.
Mr. Rim also has extensive experience advising clients on issues relating to personal bankruptcy, corporate liquidation, corporate reorganization and workout proceedings, and has utilized this experience to write books on the topic in Korean and English. He has not only authored much literature but also spoken extensively on such issues in a number of international forums such as the IBA, INSOL and International Insolvency Institute. Chambers and Partners in 2014 praised him by stating that “he was noted among peers for his many years” of experience in the field of restructuring and insolvency and cited him as a veteran bankruptcy lawyer.
Prior to joining Kim & Chang, Mr. Rim was at Bae, Kim & Lee for seven years. Mr. Rim also worked at Public Fund Management Committee, covering privatization of banks and auditing the management of public funds. Mr. Rim was a chairperson of the Insolvency Law Review Committee of the Department of Justice amending Debtors Rehabilitation and Bankruptcy Act. He also served as a member of Judiciary Personnel Committee and as a member of Rehabilitation and Bankruptcy Committee in the Supreme Court of Korea.
He has co-authored various publications in English, including “The International Insolvency Review: Korea Chapter” (Law Business Research), “Cross-Border Insolvency: Korea Chapter” (Globe Law and Business), “Collier’s International Business Insolvency Guide: Korea Chapter” (LexisNexis), “Korean Insolvency System, Norton Annual Survey of Bankruptcy Law 2003” (Thomson West) and “Insolvency Law Reform of Korea: Forum for Asian Insolvency Reform” (OECD). He has also published three volumes of “The Study of Bankruptcy Research.”