An international tribunal has accepted the South Korean government’s request and reduced the damages it has to pay to the U.S. private equity firm Lone Star Funds by about US$450 million, the justice ministry said
Un tribunal arbitral a condamné la Corée du Sud sur un volet du dossier l’opposant au fonds d’investissement Lone Star mais a confirmé que le montage fiscal réalisé par le fonds américain avait pour unique objectif d’échapper à l’imposition.
Should the claims be accepted, the amount the South Korean government has to pay to Lone Star would be reduced to a little over 216 million U.S. dollars.
South Korea has spent nearly 68.5 billion won ($48.1 million) in total to fight and settle investor-state dispute settlements since 2013,#including its battle with US-based private equity firm Lone Star, data showed.
The South Korean government is found to have spent nearly $40 million in litigation expenses for its decade-long legal dispute against US private equity firm Lone Star Funds.
Le ministère de la Justice coréen a exprimé sa volonté de demander une annulation de la décision du CIRDI condamnant la Corée du Sud à verser 216,5 millions de dollars à la société de capitale-investissement américaine Lone Star Fund.
South Korea plans to seek annulment of an international tribunal’s verdict to compensate Lone Star Funds in a decade long investor-to-state dispute arbitration.
Un tribunal internacional ha ordenado a Corea del Sur pagar 216,5 millones de dólares a la firma estadounidense de capital privado Lone Star Funds, poniendo fin a una batalla legal de décadas.