Organisation: Lone Star
US private equity group seeks to enforce South Korea award
Texas private equity group Lone Star has asked a court in Washington, DC to enforce its ICSID award against South Korea – after a panel rejected the bulk of its US$4.7 billion claim over a delayed bank sale.
03 July 2023
Korean government lawyer returns to Bae Kim & Lee
Changwan Han has left the Korean ministry of justice to re-join the partnership at Bae Kim & Lee – after working alongside the firm to defeat the bulk of a multibillion-dollar ICSID claim against the state.
28 June 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
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
Kim & Chang hires in Seoul
Kim & Chang has hired Sue Hyun Lim, the departing secretary-general of the Korean Commercial Arbitration Board’s international division, as partner in Seoul.
07 March 2022
Peter & Kim recruits and promotes
Korean-Swiss disputes boutique Peter & Kim has continued growing its Seoul office with the hire of partner Seokchun Yun from Kim & Chang, while promoting Nhu-Hoang Tran Thang to counsel in Geneva.
25 January 2022
Iran’s central bank threatens treaty claim against South Korea
The Central Bank of Iran has threatened South Korea with a US$7 billion investment treaty claim over the freezing of Iranian assets in its banks.
04 November 2021
Lone Star brings ICC claim against Spanish bank
US private equity group Lone Star Funds is pursuing an ICC claim against Spain’s third-largest bank to compel it to repurchase €257 million in real estate assets.
15 July 2021
Covington promotes in DC and New York
Covington & Burling has promoted William Lowery and Josh Picker, who both acted for Naftogaz in a US$5 billion investment treaty claim against Russia, to special counsel in Washington, DC and New York respectively.
05 May 2021
Former Bae Kim & Lee practice heads reunite at Peter & Kim
John Bang, who co-founded and led the international arbitration practice at Bae Kim & Lee, has joined Peter & Kim – reuniting him with his “mentor” and former colleague Kevin Kim.
06 January 2021