Region: South Korea
Lee & Ko promotes duo
Korean firm Lee & Ko has promoted Bami Yoo and Elizabeth Shin to the partnership – the fourth and fifth female practitioners in a row to be made partner in its international arbitration team.
23 March 2023
Korean shipbuilder settles billion-dollar claim
A Korean shipbuilder has reportedly agreed to pay to settle a dispute with Japanese oil and gas producer Inpex that gave rise to a US$970 million ICC case.
17 February 2023
WFW and Ashurst launch Seoul offices
Watson Farley & Williams has opened a Seoul office following the hire of disputes partner Philip Kim from Herbert Smith Freehills, shortly after Ashurst launched its own practice in the South Korean capital.
08 February 2023
Nuclear technology spat heads to Korean centre
A dispute between a Korean state utility and its former US partner over rights to nuclear reactor technology is headed to arbitration in Seoul, as the parties compete for lucrative projects in Europe and the Middle East.
18 November 2022
Korean hydro venture brings LCIA claim against Pakistan
Pakistan is reportedly seeking outside counsel to defend it in an LCIA claim by a South Korean joint venture over a hydropower project that has already led to two other arbitrations.
16 November 2022
ICC rejects billion-dollar claim over Korean “smart city”
A Korean construction company has defeated a US$2.5 billion ICC claim by a New York developer that said it was fraudulently ousted from a joint venture to build a sustainable city near Seoul – a dispute that also spawned the threat of an ICSID claim.
01 November 2022
SIAC to hear claim over Seoul skyscraper sale
UPDATED: A South Korean investment firm has launched a SIAC claim after pulling out of a deal to acquire a landmark development in Seoul’s financial district for nearly US$2.8 billion.
26 September 2022
South Korea escapes bulk of Lone Star claim
UPDATED WITH AWARD: Texas private equity group Lone Star’s US$4.7 billion ICSID case against South Korea has ended after a decade with the state being ordered to pay less than 5% of the amount claimed.
31 August 2022
Japan’s Inpex launches billion-dollar claim against Korean shipbuilder
Japanese oil and gas producer Inpex has filed a US$970 million ICC claim against a Korean shipbuilder over delays and defects in the commissioning of a storage vessel for an offshore project.
08 August 2022
Korean company takes Pakistani state entity to LCIA over hydro project
A South Korean joint venture has filed a US$94 million LCIA claim against a Pakistani state-owned entity over spiralling costs for a 30-year hydropower concession.
04 July 2022