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Legal disputes in the construction industry often attribute cause to complex and both direct and indirect relationship between ordering bodies such as the central and local governments, contractors, subcontractors, architecture firms, professional engineers, the administrative government offices in charge of issuing construction permits and inspection procedure, property buyers, construction and project managers and other various third parties related to the construction projects. Somyoung’s legal service in the construction area encompasses all these disputes arising from knotty interrelation between many different parties. Meanwhile, real estate in South Korea is the most popular and valuable form of asset and therefore legal assistance is essential for its management and coping with conflicts that may emerge from real estate transaction. Real estate team in Somyoung, expertly equipped with in-depth understanding of peculiar mechanisms in the real estate and the construction industry, provides legal consultation and representation in the following areas;
- - Design and inspection (expense, duty, etc.)
- - Construction process (payment to contractors and subcontractors, damage for construction delay, any conflicts from issues regarding sunlight, view, noise, dusts, etc.)
- - Administrative government offices (applying and obtaining construction permits, environment effect assessment)
- - Construction and project management (business value review, process control)
- - Property sales (commercial property, apartment units, multipurpose units)
- - Defects liability of complex buildings such as apartment buildings
- - Real estate development (real estate trust, project finance)
- - Construction bond (performance bond, repair and maintenance bond, subcontractor bond, etc.)
- - Reconstruction, redevelopment
- - Real estate registration