Payout reduced in Lone Star enforcement saga
The Seoul High Court (Credit: iStock/Rex_Wholster)
An affiliate of US private equity group Lone Star Funds stands to collect US$23 million on an eight-year old ICC award against a Korean state-owned entity, after the country’s courts reduced the damages by US$10 million on public policy grounds and denied its request for US$51 million in post-award interest.
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