South Korea Ordered to Pay Mason Capital About $32 Million Over 2015 Samsung Merger usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
An international tribunal ordered South Korea on Thursday to pay 43.8 billion won ($32 million) in compensation to US-based hedge fund Mason Capital in an investor-state lawsuit the company filed over a controversial 2015 merger of two Samsung .
SEOUL An international tribunal ordered South Korea on Thursday to pay 43.8 billion won ($32 million) in compensation to US-based hedge fund Mason Capital
South Korea has been ordered to pay New York hedge fund Mason Capital Management more than $32 million, the Ministry of Justice said on Thursday, in a dispute stemming from the 2015 merger of two Samsung affiliates. Mason Capital had claimed $200 million in its case with the Netherlands-based Permanent Court of Arbitration (PCA), but its argument was only partly accepted. Mason Capital argued that its investors suffered damage as a result of government influence over the decision of South Korea's largest pension fund, the National Pension Service (NPS), to approve the $8 billion merger of Samsung affiliates Samsung C&T and Cheil Industries in 2015.