- Photo: Hankyoreh
Korea Times | 26 September 2018
Moon’s ’anti-corruption’ move invites ISDS lawsuits
By Nam Hyun-woo
The Moon Jae-in administration’s campaign to “root out archaic irregularities” appears to have backfired as global private equity funds are rushing to file investor-state dispute settlements (ISDS) over the controversial merger between Samsung C&T and Cheil Industries in 2015.
Following Elliott, which went after the Moon Jae-in government’s acknowledgement of the previous administration’s intervention in the merger, a separate U.S. private equity fund, Mason, has recently issued a similar claim. Those moves are placing the government in a dilemma over whether it should deny its own rationale or pay more than 1 trillion won (890 million) in compensation.
Đọt Chuối Non 