4: Chapter 4 Law Firm Engagement - Auction Preparation

Qian Xu stood on the balcony and opened his laptop.

He searched for "Korea bankruptcy acquisition lawyer recommendation".

The first result that popped up was:

Kim & Chang Law Firm.

The largest law firm in Korea.

Specializing in corporate mergers and acquisitions and bankruptcy reorganization.

Qian Xu did some checking.

Kim & Chang Law Firm has over 300 lawyers in Seoul.

It has been rated as the best M&A law firm in Korea for five consecutive years.

He directly dialed the phone number.

"Hello, this is Kim & Chang Law Firm."

"I would like to inquire about corporate bankruptcy acquisition."

"May I ask how to address you?"

"Qian Xu, I am Chinese."

There was a pause on the other end of the line.

"Mr. Qian, would it be convenient for you to come to the law firm for a consultation?"

"I can come now."

Kim & Chang Law Firm.

In Gangnam District, Seoul, in a certain high-rise office building.

Qian Xu walked into the lobby, and the receptionist was already waiting.

"Mr. Qian, please this way."

She led Qian Xu up to the 28th floor.

In the conference room, a man in his forties stood up.

He was dressed in a crisp suit, his gaze sharp behind his glasses.

"Hello, Mr. Qian. I am Lawyer Park from the M&A team at Kim & Chang Law Firm."

"Hello."

The two shook hands.

After sitting down, Lawyer Park got straight to the point:

"Mr. Qian, you said you want to acquire a bankrupt company?"

"Yes."

Qian Xu took a document out of his bag.

"The original agency for T-ARA, a subsidiary of MBK Entertainment."

"It has now entered bankruptcy liquidation proceedings."

Lawyer Park took the document and glanced at it.

"I have heard of this company."

"It has 18 billion won in debt, with assets valued at around 15 billion won."

"How do you want to acquire it?"

"A full acquisition."

Qian Xu's tone was calm.

"Including all assets under the company's name."

"The office building, recording studios, trademark rights, and music copyrights."

"And T-ARA's contracts."

Lawyer Park pushed up his glasses.

"Mr. Qian, are you aware of the current situation regarding the company's trademark rights?"

"What situation?"

"Before the bankruptcy, the original company representative attempted to transfer T-ARA's trademark rights to their personal name."

"If they succeed, even if you acquire the company, you won't get the trademark."

Qian Xu frowned.

"Can it be stopped?"

"Yes."

Lawyer Park put down the document.

"But it must be done within three days."

"Why?"

"Because the court's bankruptcy proceedings have already begun."

"Once formal liquidation begins, the trademark rights will be frozen."

"If we have to retrieve them then, it will take at least six months."

Qian Xu thought for a moment.

"Three days, is it enough?"

"It is."

Lawyer Park stood up.

"I will form a team immediately."

"And apply for an emergency freeze order from the court."

"As long as the freeze order takes effect, the trademark rights won't be able to go anywhere."

"Then, during the bankruptcy auction, we will purchase the trademark rights together as company assets."

"This way, the trademark rights for T-ARA will belong to you."

Qian Xu nodded.

"Good, let's do that."

"How much are the legal fees?"

Lawyer Park took out a calculator.

"Bankruptcy acquisition + trademark retrieval + subsequent legal support."

"Package price, 300 million won."

Qian Xu did not hesitate.

"That's fine."

"Should I pay now?"

Lawyer Park was stunned for a second.

"Now?"

"Yes."

Qian Xu took out his phone.

"Send me the account details."

Lawyer Park provided the account.

Qian Xu opened his banking app.

He entered the amount: 300 million won.

He confirmed the transfer.

"Ding—"

Lawyer Park's phone rang.

He looked down.

300 million won, already received.

He looked up at Qian Xu, his gaze changed.

"Mr. Qian, you are truly decisive in your actions."

"I like working with decisive people."

Qian Xu smiled.

"Then I will leave it to you, Lawyer Park."

"I want to see results within three days."

Coming out of the law firm, Qian Xu stood by the roadside.

His phone rang again.

It was a system notification.

He tapped to open it.

[China-Korea Cultural Exchange and Consumption Fund System]

[Current daily quota: 11.37 billion won]

[Favorability towards China in Korea: 27%]

[Note: When favorability is below 30%, Korean society holds an overall negative attitude towards China]

Qian Xu stared at that number.

27%.

In other words.

Out of 100 Koreans, only 27 have a favorable view of China.

The remaining 73 are either neutral or hostile.

No wonder he was discriminated against at his company.

No wonder his Korean colleagues looked down on him.

No wonder Park Min-ho dared to be so arrogant.

Because the whole society was like this.

Qian Xu turned off his phone.

He got into the rolls-royce cullinan.

He started the ignition.

The engine roared.

He glanced out the window.

The sky over Seoul was gray and hazy.

27%.

This number.

He was going to change it.

Not by talking.

But by strength.

Let the Koreans see.

What a Chinese person is truly capable of achieving.

Returning to Cheongdam-dong.

Just as Qian Xu parked the car, his phone rang.

It was Ham Eun-jung.

"Mr. Qian, how did it go with the lawyer?"

"I have already commissioned them."

Qian Xu said while walking.

"Kim & Chang Law Firm, they will complete the bankruptcy auction within three days."

"The trademark rights will also be retrieved together."

On the other end of the line, Ham Eun-jung was silent for a few seconds.

"Really?"

"Really."

"Then... when can we sign the contract?"

"After the bankruptcy acquisition is complete."

"At that time, I will formally sign a contract with you all."

Eunjung's voice trembled slightly.

"Okay."

"I will wait for your news."

He hung up the phone.

Qian Xu walked into the elevator.

He pressed the button for the top floor.

The elevator rose slowly.

He watched the floor numbers change.

27%.

This number.

He was going to push it up, bit by bit.

The first step was T-ARA.

Let 30 million Chinese fans know.

Their idols have returned.

And.

They are even more popular than before.

The elevator arrived.

Qian Xu stepped out of the elevator.

He opened his front door.

The house was very quiet.

He walked to the balcony, looking at the distant Gangnam District.

His phone rang again.

It was a message from Lawyer Park.

"Mr. Qian, the court's emergency freeze order has been submitted."

"It is expected to be approved tomorrow morning."

"The bankruptcy auction is scheduled for three days from now."

Qian Xu replied:

"Good, thank you for your hard work."

He put down his phone.

He looked out the window.

The night in Seoul was bright with lights.

Tomorrow.

Will be a new day.