Global law firm Ashurst represented Kamal Al Mana, one of the owners of Qatari conglomerate Al Mana Group and others on their acquisition of McDonald's Korea from McDonald's, which includes 400 restaurants.
This is a landmark transaction in South Korea.
Ashurst lawyers in Singapore and South Korea (Ashurst KJV) collaborated seamlessly to bring the deal across the finish line.
Ashurst's Southeast Asia Head of M&A Tao Koon Chiam commented, "This is a great showcase of our capabilities across Asia and in particular, our excellent colleagues in Ashurst KJV."
The multi-jurisdictional team was led by Tao Koon Chiam and Xiaozheng Ko, supported by Stefanie Loh and Christine Chang; the Ashurst KJV team was led by Lawrence Jhe and Huiyeon Kim supported by Jeongtaek Kim, Sang Koo, Emily Hong and Yaeji Park. Partner Angie Ng provided coverage on the competition aspect of the deal, with the support from Kailun Ji, Danny Xie and Dee Dee O'Shannassy.
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