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S. Korea Ordered to Pay Lone Star US$216.5 mln in Investor-state Suit

S. Korea Ordered to Pay Lone Star US$216.5 mln in Investor-state Suit

SEOUL, Aug. 31 (Korea Bizwire) — An international tribunal ordered South Korea to pay the U.S. private equity firm Lone Star Funds US$216.5 million plus interest, officials said Wednesday, bringing an end to a decadelong legal battle surrounding its sell-off of a local bank. South Korea said it cannot accept the decision and will actively [...]

Int’l Tribunal Brings to Close Decade-long S. Korea-Lone Star Dispute Settlement

Int’l Tribunal Brings to Close Decade-long S. Korea-Lone Star Dispute Settlement

SEOUL, June 29 (Korea Bizwire) — An international tribunal declared an end to all proceedings in a multi-billion dollar suit the U.S. private equity firm Lone Star filed against South Korea’s government 10 years ago over disputes surrounding its asset sell-off, according to the justice ministry Wednesday. The International Center for Settlement of Investment Disputes [...]