Region: Korea, Republic of
Korean shipbuilder faces claim from Russian clients
A Korean shipbuilder is reportedly facing a US$890 million SIAC claim from three Russian companies after it cancelled contracts over sanctions and alleged non-payment.
02 June 2023
A&O promotes in Singapore
Allen & Overy has promoted Jae Hee Suh, who has defended Korea in investment treaty claims, to counsel in Singapore.
12 May 2023
Korean videogame awards survive Singapore challenge
A Singapore court has upheld partial awards won by Korean videogame developer WeMade in an ICC dispute over the Chinese licensing rights to a popular online game.
04 May 2023
Korea-Japan forum considers Asian arbitrator representation
The latest Korea-Japan Arbitration Forum, held in Tokyo with cherry blossom in full bloom, saw comparisons drawn between these two markets and Singapore and discussion of whether Asian arbitrators are underrepresented internationally. Lars Markert, partner at Nishimura & Asahi in Tokyo, reports.
25 April 2023
Iranian family’s second BIT claim against Korea underway
Eversheds Sutherland has taken over as co-counsel to an Iranian family in a bilateral investment treaty claim against South Korea arising from the state’s delay in paying a BIT award from an earlier arbitration.
05 April 2023
Game over in Korean technology dispute
A South Korean videogame developer says it has won a US$150 million award in an ICC dispute over the licensing rights to a popular online game.
28 March 2023
Korean centre in crisis as tensions come to the fore
The Korean Commercial Arbitration Board is “in crisis” after internal tensions are said to have led to the resignation of the highly respected chair of its international branch, Hi-Taek Shin, and other staff responsible for administering cross-border cases.
01 December 2022
Criminal conviction raises stakes in airline catering dispute
A Korean executive’s conviction last week on criminal charges relating to an airline catering contract is expected to be raised in a pending Singapore challenge to a US$1.78 billion ICC award.
23 August 2022
Another homeowner threatens treaty claim against Korea
South Korea is facing another investment dispute with a private homeowner, as a naturalised US citizen threatens to bring a claim for at least US$4 million for the expropriation of her apartment and associated “mental and emotional distress”.
04 August 2022
Airline catering award upheld in Singapore
A Singapore court has upheld an ICC award against a Korean airline in a billion-dollar dispute over in-flight catering, rejecting arguments the tribunal wrongly overlooked expert testimony.
30 May 2022