Win $108M

US, UK and Korean Firms Win $108M Arbitral Against Republic of Korea, June 23, 2023: Elliott filed an arbitration case against the South Korean government in 2018 over its alleged unlawful intervention in the 2015 merger between Samsung C&T and Cheil Industries.

Win $108M

US, UK and Korean Firms Win $108M Arbitral Against Republic of Korea, June 23, 2023: Elliott filed an arbitration case against the South Korean government in 2018 over its alleged unlawful intervention in the 2015 merger between Samsung C&T and Cheil Industries.

Category: Dispute resolution

Tags: arbitration, US, UK, Korean, Samsung, Cheil

Date: Friday, June 23, 2023

June 23, 2023, US, UK and Korean Firms Win $108M Arbitral Against Republic of Korea, Elliott filed an arbitration case against the South Korean government in 2018 over its alleged unlawful intervention in the 2015 merger between Samsung C&T and Cheil Industries.

U.S. litigation firm Kobre & Kim, together with Three Crowns and Korean disputes firm KL Partners, secured Florida-based investment manager Elliott Associates a $108 million award in an international arbitration against the Republic of Korea over a dispute arising from a 2015 merger of two Samsung affiliates. 

Elliott filed an arbitration case against the South Korean government in 2018 over its alleged unlawful intervention in the 2015 merger between Samsung C&T and Cheil Industries, both affiliates of Samsung Group.