SEOUL, Sept. 18 (Korea Bizwire) — Mason Capital Management, a U.S. hedge fund, has notified the South Korean government that it has filed for arbitration seeking US$200 million in compensation for losses incurred from a controversial merger between two Samsung companies, Seoul’s Ministry of Justice said Tuesday. The move is seen as a step before [...]
SEOUL, Jul. 13 (Korea Bizwire) — U.S. activist fund Elliott Associates has filed an investor-state dispute (ISD) suit against the South Korean government seeking compensation for its losses from a 2015 merger of two Samsung units, Seoul’s justice ministry said Friday. The notice of arbitration lodged by the American firm comes three months after Elliot [...]
SEOUL, Jul. 4 (Korea Bizwire) –– The South Korean government said Wednesday that it has filed a fresh lawsuit against an earlier international ruling that ordered the country to pay tens of million dollars to an Iranian firm over a failed takeover deal. In 2010, South Korea’s state-run Korea Asset Management Corp. (KAMCO) picked Entekhab [...]
“It is quite preposterous to win a case over Samsung in Korea. No one can win over Samsung in Korea and it was the expected result.” – Daum ID “cesiu****” “Elliott is very clever. It sued Samsung just to make a case for ISD. In the ISD, Samsung cannot be assured of winning.” – Naver [...]