< Directory Joon P. Hong

Joon P. Hong represents investors in all aspects of complex bankruptcy proceedings and out of court restructuring transactions. He has represented investors in the purchase of assets in section 363 bankruptcy sales, debtor-in-possession financings, exit financings, preference and other avoidance litigations, and claims trading and reconciliation process.

Mr. Hong also assists clients in assessing credit risks of their investments and advises them in enforcing their rights and remedies to achieve their business and investment goals. Recent significant engagements include:

• Provision of bankruptcy advice and assistance to Lee Richards, court-appointed Receiver for Bernard L. Madoff Investment Securities LLC;
• Representation of private fund in providing debtor-in-possession financing to an auto-parts manufacturer in bankruptcy and in the acquisition of the manufacturer through a 363 bankruptcy sale;
• Representation of private fund in the acquisition of secured debt and in the financial restructuring of a fragrance company with both U.S. and foreign subsidiaries;
• Representation of investor in the restructuring of senior debt of a cross-Atlantic passenger airline company;
• Representation of private fund in the acquisition by UCC-9 foreclosure sale of a company, which provided publishing and information services to the financial services industry, and in the subsequent sale of the company to an industry purchaser;
• Representation of investor in bidding for a lawn and garden products manufacturer in a 363 bankruptcy sale; and
• Representation of private fund in the proposed acquisition of and subsequent winding up of a sub-prime mortgage lender.

Seminars & Speaking Engagements

• RK&O hosts "Distressed Lending and Strategic Investment - A Cautionary Tale" seminar
• Joon Hong and Nicholas Whitney speak at "The 3rd Global Distressed Debt Investor Forum"
• RK&O partners speak at the "Distressed & Turnaround Investment" conference

Publications

• "Lehman Strikes Again: European Loan Participations and Preference Risks" by Carl Winkworth and Joon P. Hong published in International Corporate Rescue magazine
• "Lehman Update: Derivatives Creditors File a Competing Plan" by Joon Hong
• "Lehman Seeks to Unwind Elevations of Loan Participants" by Carl Winkworth and Joon Hong published by Global Financial Strategy News
• "Lehman Seeks to Unwind Elevations of European Loan Participants" by Joon Hong and Carl Winkworth
• "Lehman Files A Proposed Plan Of Reorganization" by Joon Hong and Michael Friedman
• "Erosion of Secured Creditors' Rights: Has the Pendulum Swung in Favor of Unsecured Creditors" by Larry Halperin, Michael Friedman and Joon Hong
• Lending, Investing and Trading After the Market Break
• "Effectiveness of Power of Attorney Provision in Claim Purchase Agreements in Bankruptcy - Delphi Bankruptcy Case Raises Issue" by Michael Friedman, Joon Hong and Keith Sambur
• "Cure Claims in Bankruptcy - Delphi Bankruptcy Case Raises Issues" by Michael Friedman, Joon Hong and Keith Sambur

Professional & Community Affiliations

• Member, American Bankruptcy Institute