Korean executive evades share buyback in latest ICC claim
The arbitration over shares in a life insurance company was seated in Seoul (Credit: Shutterstock/Sean Pavone)
UPDATED: A Singaporean private equity firm has persuaded an ICC tribunal that it may force the chairman of one of South Korea’s largest insurance providers to purchase US$340 million in shares – while failing to secure an order for the sale as the correct valuation had not been put forward.
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