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Representing Oiltanking GmbH in incorporating and purchasing the shares of Oiltanking KNOC Yeosu Co., Ltd. 3/7/2011
In August of 2008, as part of an effort to transform Yeosu into an Oil Hub of Northeast Asia, Oiltanking of Germany, Glencore of Switzerland, and three domestic companies – Korea National Oil Corporation (KNOC), SK Energy and GS Caltex – established Oiltanking-KNOC Yeosu Co., Ltd. (OKYC), a joint venture operating under joint representative directors from Oiltanking and KNOC and agreed to construct and operate a world-scale oil tank terminal in Yeosu.  
 
Barun Law represented Oiltanking in the transaction and was closely involved from the very outset of the transaction to its consummation, thus contributing to the successful closing of the transaction. Barun Law advised Oiltanking on all aspects of legal and regulatory issues relating to the transaction, including drafting and negotiating a share purchase agreement and related ancillary transaction documents, reviewing the Trademark User Agreement and Corporate Name License Agreement between Oiltanking and OKYC, filing a merger report with the Korea Fair Trade Commission and offering advice on issues relating to environmental effect evaluations and foreign currency exchange issues.  Barun Law continues to offer advice to Oiltanking on issues related to the construction of the oil tank terminal in Yeosu and corporate governance.

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