In its statement, Elliott Associates said that the interest on the award “continues to accrue at a rate of more than US $10,000 every day”.
August 02, 2024 at 05:00 PM
2 minute read
Reporter
A U.K. High Court judge has dismissed an application from South Korea to set aside an arbitration award exceeding $100 million against the country.
The award was made in June 2023 in favour of Elliott Associates, a Florida-based investment manager. The award related to a dispute over an $8 billion merger of two Samsung affiliates in 2015.
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