SEOUL, Aug. 31 (Korea Bizwire) — An international tribunal’s order for South Korea to pay compensation to the U.S. private equity firm Lone Star Funds is seen as not too bad of a decision, but is nevertheless expected to spark criticism over waste of taxpayer money. The Washington D.C.-based International Centre for Settlement of Investment [...]
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 [...]
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 [...]