Compliance with various laws and regulations to ensure fairness in transactions (such as the Antimonopoly Act, the Act on Improved Firm and Small-Medium-Sized Enterprise Transactions (formerly the Subcontract Act), the Act against Unjustifiable Premiums and Misleading Representations, and the Consumer Contract Act) is a fundamental premise for companies to conduct business activities, and this has become increasingly important in recent years.
However, these regulations are broad and complex, and the risks of violations (fines, injunctions, loss of credibility) are immeasurable. Our firm provides comprehensive services related to these various laws and regulations, from preventive legal work to emergency response.
Specifically, we help identify and optimize risks that lurk in daily operations, including business combination screening in M&A, building systems to prevent cartels and collusion, contract reviews to prevent abuse of dominant bargaining position and violations of the Subcontract Act, compliance training, and even checking the legality of daily advertising and promotional copy in relation to the Act against Unjustifiable Premiums and Misleading Representations (preventing false representations of quality or advantages), and reviews of campaigns and prize plans.