South Korea threatened with ICSID claim over “smart city”
Central Park in Songdo International Business District, designed as a replica of the New York original (Credit: iStock/CJNattanai)
A US family-owned real estate company has threatened to bring a US$2 billion ICSID claim against South Korea over the alleged expropriation of its investment in a project to build a sustainable city near Seoul – with a related ICC claim already underway.
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