The Korean government plans to seek an annulment proceeding of an international tribunal arbitration ruling that ordered the country to pay $216.5 million plus interest in damage compensation to Lone Star. The move comes in response to the U.S.-based private equity fund s annulment application submitted at the end of last month, asking the arbitration tribunal to cancel the ruling by the International Centre for Settlement of Investment Disputes (ICSID) last August.
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