South Korea Prevails in UK Appeal on Samsung Merger Arbitration Case

Reported about 15 hours ago

South Korea successfully appealed a ruling related to its merger dispute with Elliott Management over the 2015 Samsung merger, shortly after Samsung's Chairman Jay Y. Lee was cleared of charges related to the deal. Previously, a tribunal ordered South Korea to pay Elliott $100 million regarding the merger approval process, but the Court of Appeal has now sent the case back to the High Court to re-evaluate the tribunal's jurisdiction.

Source: YAHOO

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