South Korea has prevailed in its long-running legal battle with US private equity firm
The International Centre for Settlement of Investment Disputes, a World Bank arbitration tribunal known as ICSID, ruled in favor of South Korea, Prime Minister
The ICSID committee overturned a previous arbitration award issued in August 2022, which had ordered Seoul to pay Lone Star. The committee also ordered Lone Star to reimburse the South Korean government about 7.3 ...