D’LIGHT Law Group provided advice on how to incinerate founders’ stocks through inequality reduction, procedures under commercial law, tax problems, and documents necessary for registration due to the situation in which they had to incinerate their shares in the process of flipping overseas. If the purchase price for stock incineration is set at face value rather than market price, gift tax may be levied on other shareholders who have benefited, and we provided specific advice on the fact that uneven reduction should be carried out in consideration of this. In addition, procedures such as special resolutions at the general shareholders’ meeting, creditor protection procedures, and stock certificate submission notices are essential as procedures for the unequal reduction, and D’LIGHT Law Group provided advice to proceed with the reduction legally.
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