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South Korea Ordered to Pay Mason Capital About $32 Million Over 2015 Samsung Merger

South Korea Ordered to Pay Mason Capital About $32 Million Over 2015 Samsung Merger
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Soult Ukpyolsi , South Korea , Kangwon Do , New York , United States , South Korean , Kevin Liffey , Heekyong Yang , Permanent Court , National Pension Service , Cheil Industries , Ministry Of Justice , Mason Capital Management , Netherlands Based Permanent Court , Mason Capital ,

S. Korea ordered to pay $32 mn in lawsuit over merger of 2 Samsung affiliates

An international tribunal ordered South Korea on Thursday to pay 43.8 billion won ($32 million) in compensation to US-based hedge fund Mason Capital in an investor-state lawsuit the company filed over a controversial 2015 merger of two Samsung . ....

South Korea , Soult Ukpyolsi , Kangwon Do , South Korean , Lee Jae Yong , Samsung Group , National Pension Service , Justice Ministry , Permanent Court , Cheil Industries , Mason Capital , New York Based , President Park Geun Hye ,

South Korea ordered to pay Mason Capital about $32 million over 2015 Samsung merger

South Korea has been ordered to pay New York hedge fund Mason Capital Management more than $32 million, the Ministry of Justice said on Thursday, in a dispute stemming from the 2015 merger of two Samsung affiliates. Mason Capital had claimed $200 million in its case with the Netherlands-based Permanent Court of Arbitration (PCA), but its argument was only partly accepted. Mason Capital argued that its investors suffered damage as a result of government influence over the decision of South Korea's largest pension fund, the National Pension Service (NPS), to approve the $8 billion merger of Samsung affiliates Samsung C&T and Cheil Industries in 2015. ....

Kangwon Do , South Korea , Soult Ukpyolsi , New York , United States , South Korean , Kevin Liffey , Heekyong Yang , National Pension Service , Permanent Court , Ministry Of Justice , Cheil Industries , Mason Capital Management , Netherlands Based Permanent Court , Mason Capital ,