Elliott Investment Management secures a $113 million award against South Korea regarding the 2015 Samsung C&T merger, with the firm urging the state to settle the mounting debt.
The arbitral award against Korea relates to the 2015 Samsung C&T merger, but does not directly affect Samsung's operations or financials.
Elliott Investment Management has secured a $113 million arbitral award against the Republic of Korea following a long-standing dispute over the 2015 Samsung C&T merger. The firm is now calling on the South Korean government to honor the payment as interest continues to accrue on the outstanding balance.
The award relates to a legal dispute initiated by Elliott Investment Management concerning the government's role in the 2015 merger between Samsung C&T and Cheil Industries.