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Qatar fund explored claims against Switzerland for Credit Suisse losses
Qatar's sovereign wealth fund, Credit Suisse's second-largest investor, has explored seeking redress for losses incurred by the bank's takeover.
Credit Suisse's Japan bondholders seek arbitration over AT1 wipeout
Japanese investors will soon file a request for arbitration regarding Credit Suisse's Additional Tier 1 bonds, under the economic partnership agreement between Japan and Switzerland.
Int'l tribunal reduces damages S. Korea owes to Lone Star by 600 mln won: ministry
An international tribunal has accepted the South Korean government's request and reduced the damages it has to pay to the U.S. private equity firm Lone Star Funds by about US$450 million, the justice ministry said
Mexican firm seeks $380 million from Honduras over blocked unit
Mexican investment firm JLL Capital, whose Honduran operation has been blocked since 2018 in a local dispute, is seeking some $380 million from the Central American country in arbitration proceedings.
Eurasian Economic Union discusses launch of digital currencies in EAEU financial markets
The EAEU has trade agreements with China, Iran, Serbia, and Vietnam. Numerous other countries, including India and Indonesia, are currently discussing EAEU FTA, meaning an EAEU digital currency agreement will impact on trade with each of these countries.
Justice ministry requests recalculation of ICSID ruling
Should the claims be accepted, the amount the South Korean government has to pay to Lone Star would be reduced to a little over 216 million U.S. dollars.
Decade-long ISDS lawsuit vs Lone Star costs S. Korean gov’t $40 mn
The South Korean government is found to have spent nearly $40 million in litigation expenses for its decade-long legal dispute against US private equity firm Lone Star Funds.
South Korea to appeal international tribunal’s order to pay Lone Star By Kim Arin
South Korea plans to seek annulment of an international tribunal’s verdict to compensate Lone Star Funds in a decade long investor-to-state dispute arbitration.
S. Korea ordered to pay Lone Star US$216.5 mln in investor-state suit
An international tribunal ordered South Korea to pay the US private equity firm Lone Star Funds US$216.5 million, bringing an end to a decade long legal battle surrounding its sell-off of a local bank.
Tensions rise as Korea waits for verdict on Lone Star dispute
The Korean public has been in outrage over the matter for more than a decade, claiming that the case was an international “fraud” committed by an overseas private equity firm.