By Kim Jae-won
The nation’s largest law firm Kim & Chang has declined a request from Lone Star to represent it in the U.S. private equity fund’s latest lawsuit against the Korean government, according to sources, Friday.
Kim & Chang’s decision not to accept the client is to shed close ties with the Texas-based buyout fund. Instead Shin & Kim will represent the company in a 2 trillion won claim for damages against the Korean government.
“Kim & Chang decided to not represent Lone Star as it did not want to be linked too closely to it anymore. That’s why Lone Star switched to Shin & Kim at this time,” said