Hyundai Engineering & Construction was recognised at the In-House Counsels of the Year awards for its innovative, inter-disciplinary approach to solving legal challenges. Unable to collect the Team Collaboration award on the night, Pinsent Masons’ partner Vincent Connor picked up the award on their behalf at the Hong Kong ceremony (which was supported by VARIO from Pinsent Masons) on May 30, and formally presented it to the team in Seoul last week.

Nicholas Turner, Partner, Pinsent Masons Vincent Connor, Partner and Head of Hong Kong Office, Pinsent Masons Heesuk SUH – Vice President – International Legal Affairs, Hyundai Enginering and Construction (“HDEC”) Jong Phil HWANG - Legal Counsel - International Legal Affairs, HDEC Joung Min LEE – Assistant Manager/Attorney at Law – International Legal Affairs, HDEC

L-R: Nicholas Turner and Vincent Connor of Pinsent Masons; Heesuk Suh, Jong Phil Hwang and Joung Min Lee of the international legal affairs team at HDEC

The company’s international legal affairs team focuses on contract negotiation and dispute management. Comprising 25 members with both legal and engineering backgrounds, it has been regarded as something of an experiment since its birth eight years ago. The goal was that an interdisciplinary team would be able to overcome a traditional weakness common in highly technical businesses — the gulf of knowledge and understanding between legal professionals and the people involved on the commercial side of the business.

The experiment has been a success, not only in managing disputes, but also bringing value to the organisation. Members of the team won both employee of the year and best lecturer in 2018.

In addition to the performance of its traditional work on cross-border disputes and tender reviews, the team has also been busy on dispute prevention work. Specifically, the team has undertaken the role of educating the site and business teams of core legal issues through education sessions dealing with legal topics.

The team also encourages its members to learn from the experience of other team members, periodically gathering and sharing their recent experiences and lessons learned so that other team members may learn. In 2018, this tradition was extended to a company-wide practice.

Counsel of the Year Awards

 

See the In-House Community Awards news report here, and ‘Counsels of the Year – What we learnt’, here.

Related Articles by Firm
Foreign Banks Allowed to Operate in Myanmar
After more than 50 years of banning, the Central Bank of Myanmar has issued the first final licenses allowing four foreign banks to operate in Myanmar.
Tanzanian Draft National Energy Policy of 2015
Highlights on the ongoing and upcoming industry developments with focus on the transition of the energy sector since the introduction of the Big Results Now! campaign
Mineral Rights Available in Tanzania
Overview of the mineral rights available in Tanzania, with specific focus on the various categories of mineral rights
The Legal Framework of the Aviation Sector in Tanzania
As attention turns to Tanzania’s trade and energy opportunities, the spotlight has fallen upon the nation’s infrastructure. This update focuses on the capabilities and issues of the Tanzanian aviation sector.
Oil price volatility - Offshore oil storage
Are there any legal concerns with tankers being used for floating storage?
Oil price volatility - risks and opportunities in 2015
While many companies can weather the oil price slide and volatility, some industry players face a real risk of insolvency.
India: Union Budget 2015
A bullet-point overview of changes in Direct Tax, Indirect Tax and Goods and Service Tax in India in light of Finance Minister Arun Jaitley’s first full-year Budget…
Prohibition against transfer of personal data outside Hong Kong
Section 33 of the Personal Data (Privacy) Ordinance (PDPO) prohibits the transfer of personal data to places outside Hong Kong, except in circumstances specified in the PDPO.
Security of payment under FIDIC contracts: more secure, for now
The High Court of Singapore recently handed down an important judgment in relation to the enforceability of Dispute Adjudication Board (DAB) decisions under the FIDIC forms of contract.
Insurance Laws (Amendment) Bill passed as Ordinance in India
The long-awaited Insurance Laws (Amendment) Bill has become a provisional law in India. The Bill amends the Insurance Act (1938), the General Insurance Business (Naturalisation) Act (1972), and the Insurance Regulatory and Development Act (1999).
SICC: now open for business
On Monday 5 January 2015, the Singapore International Commercial Court ("SICC") was officially opened...
Myanmar insurance update
Clyde & Co partner Michael Horn recently visited Myanmar's commercial capital Yangon and reports on the current state of the insurance market...
Launch of the online mining cadastre transactional portal
Plus, a summary of the key mineral rights available in Tanzania; and, a look at the manner in which mineral rights can be transferred.
Restrictions imposed on holders of mineral rights
This briefing looks at some of the restrictions imposed on holders of mineral rights in Tanzania by the Mining Act 2010
Draft local content policy for the oil & gas industry in Tanzania
The first draft of the long-awaited local content policy for the oil & gas industry in Tanzania has now been published by the Ministry of Energy and Minerals ...
Tanzania: Revocation of mining licences
The Tanzanian government recently announced the cancellation of a total of 174 mining licences. This mining update examines the key continuing obligations imposed by the Mining Act upon mining licence holders.
Mining Development Agreements
In this month’s mining briefing we look at Mining Development Agreements (MDAs) and the role that they play in the mining sector in Tanzania.
The Tanzanian railway system: current legal framework
The railway system of mainland Tanzania has a total track length of 3,676 kilometers (km) with two separate networks, run by two separate organisations ...
Related Articles
Herbies goes to Shanghai FTZ
Herbert Smith Freehills is adding local law capabilities in China through a joint operation with Kewei Law Firm.
Dentons to merge with Lee International
The deal would see it become the first international law firm to combine with a Korean firm.
Maxwell Chambers opens new disputes facility
Law In Order will be one of the first tenants to open its doors in the newly renovated building.
Related Articles by Jurisdiction
Latest Articles
New Decree on special preferential import/export tariffs under the CPTPP
Plus recent Vietnam updates on insurance, public investment and minimum wages.
SCA issues guidelines for financial institutions on anti-money laundering
The advent of AML and ATF guidance is a welcome step for businesses in the UAE.
Update on Stamp Duty regulating electronic transactions
A new notification requires parties who enter certain electronic transactions to pay stamp duty in cash.