Organisation: Lone Star

A German building materials company has lost its claim for a US$100 million earnout payment arising from its US$1.4 billion sale of assets to a US buyer. 

15 October 2020

Kim & Chang has recruited three new partners to its international arbitration team from South Korean rivals Yulchon and Bae Kim & Lee.

11 September 2020

Nine panels have been formed at ICSID in the past six weeks, including two arbitrators accepting their first-ever appointments at the centre – Germany’s Maxi Scherer and Arnaud de Nanteuil of France.

24 July 2020

A Malaysian corporation that threatened to bring a multibillion-dollar investment treaty claim against South Korea over a thwarted project to build an island resort has agreed to settle the dispute by accepting compensation of US$100 million following a mediation.

09 July 2020

Canadian arbitrator Ian Binnie QC has stepped in to replace the recently deceased VV Veeder as the chair of a US$4.6 billion ICSID claim brought against South Korea by US private equity firm Lone Star.

23 June 2020

Peter & Kim has hired SeungMin Lee, a former K-Pop artist, from Shin & Kim as a partner in Seoul – shortly after it opened an office in Singapore as the firm continues to expand rapidly since launching last year.

22 June 2020

YongSang Kim, who helped to defend South Korea in its first treaty case at ICSID, has left O’Melveny & Myers to join Yulchon in Seoul as co-head of its international disputes practice.

26 May 2020

An affiliate of US private equity group Lone Star Funds stands to collect US$23 million on an eight-year old ICC award against a Korean state-owned entity, after the country’s courts reduced the damages by US$10 million on public policy grounds and denied its request for US$51 million in post-award interest.

07 October 2019

A naturalised Canadian citizen has threatened South Korea with a treaty claim after his property was included in a redevelopment project in Seoul – as the state potentially faces an unrelated claim from a Chinese hospital developer.

06 June 2019

Cedric Chao, the former US head of DLA Piper’s international arbitration practice, has launched his own boutique focused on arbitration and mediation.

05 June 2019